GBPJPY
- Higher Time Frame Trend: Bullish
- Bias: Longs
- Wait for pullbacks or break and retest of market structure for entry.
- Entry at 15min TF
- 2 Trade Ideas
1. Trade Idea ( wait for pullbacks)
- As we can see, there is a bullish engulfing candle that broke the consolidation.
- For this first trade idea, we would wait for price to pullback to the breakout of the engulfing candle for a better entry.
2. Trade Idea (Break and Retest)
- Instead of waiting for a pullback. We can set a buy stop above the highs of 151.500 for a breakout scalp trade.
- Or if you wanna be safe and wait for a retest, that would work too.