GBP/JPY Long position for wave 3
Updated
Momentum improving. After extended wave 1 and corrective wave 2.. It appears as if wave 3 has already begun, a couple of buy points seems sound, if 141.8 - 142.0 is broken and daily closes above, buy. Or buy at the support level 140.0 or on the 200 MA retest, the choice depends on your risk appetite and if the market is generous enough to allow us to buy at the support level again. Both cases the risk to reward ratio is sound
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Trade closed: target reached
not bad it actually hit the target
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