We can see a double bottom that price has formed on the daily and 4hr. As you may know the bigger the timeframe the outcome . We can see GBP/JPY clear direction. Notice this pair is also making a W pattern. We will place our entry at the neckline of the w which is 192.175 and set a take profit to the previous HH (Higher high).
Be aware to use proper risk management and leverage for this trade will be held for 2-3 weeks..
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.