gbpjpy ending diagnal setup.

next week i will be looking into the pound yen to go up. we have completed a wolf wave ending diagonal pattern that has an expanding triangle. more importantly is the wave and structure where we see the expanding triangle at the 5th wave.

long gbpjpy
- bottom of ending diagnal pattern
- oversold RSI
- RSI divergence
expanding triangle pattern

entry: 132.800 area
sl: 132.233
tp1: 139.887
risk: aprox 50-70 pips.
potencial gain: 700+ pips

if price breaks the triangle bullish and pulls back at my .618 area to make a correction, i will add more positions.
15 min chart shows my buy area

1 hour chart yellow box .618 zone

Kommentar:

buy zone if we get the 61.8 pullback. simple, buy the bounce.

Kommentar:

price entered apex buy zone