GBP/JPY Long Opportunity - Breakout
We are currently at the top of a key trend line/resistance within a triangle, we have already passed the key fib levels that would lead to a retracement and possibly a sell opportunity. There is also major hidden divergence that could suggest a strong continuation out of the trendline. However, this needs to be supported by a strong candle close outside of the trendline where I will go long on the breakout. Where the 4-hour candle closes will determine the direction of this trade.
Order cancelled
This trade was no taken as the 4 hour candle did not close outside of the trendline
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Disclaimer
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.