GBPJPY LET'S FINISH THAT DOUBLE BOTTOM!
One market open trade to consider!
Reasons to take this trade:
1) Divergence on RSI
2) Double bottom formation with wicks to hunt low of first leg
3) Support zone
4) Huge bearish movement before due to fundamentals, in for a retracement
Consider play:
Buy GBPJPY @ 144.33
TP1 145.05
TP2 145.25
TP3 145.553
SL 143.97
I am an intraday trader, most traders are taken and closed within hours and days. Risk:Reward will be greater than 1:1 and 1:2 most of the time.
Please take these trades with a pinch of salt and do your own analysis before entering any trades. These ideas are merely educational and do not serve to be professional financial advises for anyone.
Good luck to all and stay safe trading peepos! :)
Reasons to take this trade:
1) Divergence on RSI
2) Double bottom formation with wicks to hunt low of first leg
3) Support zone
4) Huge bearish movement before due to fundamentals, in for a retracement
Consider play:
Buy GBPJPY @ 144.33
TP1 145.05
TP2 145.25
TP3 145.553
SL 143.97
I am an intraday trader, most traders are taken and closed within hours and days. Risk:Reward will be greater than 1:1 and 1:2 most of the time.
Please take these trades with a pinch of salt and do your own analysis before entering any trades. These ideas are merely educational and do not serve to be professional financial advises for anyone.
Good luck to all and stay safe trading peepos! :)