Here, we have GBPJPY at Daily trend line resistance level. As you can see here on this 4HR chart, the pair currently show overbought conditions on both RSI and Stochastic. I believe this is a good entry level. Your SL should be at a logical area above the resistance trend line and aim for first potential target @ 153.33.
1st Target - 153.33
2nd Target - 153.00
3rd Target - 152.62
1st Target - 153.33
2nd Target - 153.00
3rd Target - 152.62
Kommentar:
Possible H&S formed in 1HR chart
Trade geschlossen: Ziel wurde erreicht:
1st Target Profit reached. Will look for more opportunities next week.