This pair still respecting the ascending TL in the daily tiemframe creating HH but been unnable to break thru the 148.00 area but right after that retest to the ascending TL adn break the CTL in the lower tiemframes i woudl expect a rise to the top of the wedge pattern and previous exaustation point at 146.50 and the following confirmations is what is making me say that price could rise another 100 pips:
1. Broke 4h CTL
2.created a new high in the lower tiemframes
3. Armonic pattern formed in the 4h and daily
4. 1st wave in formation
5.Closed and holdin above the MP 61%
So to go long i woudl wait and see if in the lwoer tiemframes we can hodl above 145.70 or aim for an ideal entry and top of the previous structure 145.50
1. Broke 4h CTL
2.created a new high in the lower tiemframes
3. Armonic pattern formed in the 4h and daily
4. 1st wave in formation
5.Closed and holdin above the MP 61%
So to go long i woudl wait and see if in the lwoer tiemframes we can hodl above 145.70 or aim for an ideal entry and top of the previous structure 145.50
Trade active:
GBPJPY
BUY @ 145.68 - IDEAL 145.50
TP 1 145.88
TP 2 146.26
TP 3 146.77
TP 4 147.31
SL 145.00
IDEAL MIGHT BE HIT
BUY @ 145.68 - IDEAL 145.50
TP 1 145.88
TP 2 146.26
TP 3 146.77
TP 4 147.31
SL 145.00
IDEAL MIGHT BE HIT