GBPJPY 4hr chart 2 long opportunities
Updated
Two long opportunities on this chart, one more aggressive with a massive Reward to Risk (almost 6:1) and one more conservative.
Trade 1 = trend continuation stops behind 160.15 swing low shoot for retest of highs around 163.70 area almost 6:1 reward to risk
Trade 2 = Bullish cypher with the standard stop and targets
Trade 1 = trend continuation stops behind 160.15 swing low shoot for retest of highs around 163.70 area almost 6:1 reward to risk
Trade 2 = Bullish cypher with the standard stop and targets
Trade closed: stop reached
Both trades would have resulted in a loss, hopefully only one of the options was traded per trader as they are different methodologies (trend continuation vs. consolidation pattern)
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