Hello fellow Traders,
GBPJPY is reaching high resistance zone.
RSI is heavily overbought on 4hr, Daily also and a correction is needed and retest out of the channel.
We have a 2.0 RISK REWARD on this one.
This is a trade for experienced traders as it is risky to go against such a strong trend.
Overall trend is BULLISH.
Trade safe,
Rodrigo
FOREX ACADEMY CLUB
GBPJPY is reaching high resistance zone.
RSI is heavily overbought on 4hr, Daily also and a correction is needed and retest out of the channel.
We have a 2.0 RISK REWARD on this one.
This is a trade for experienced traders as it is risky to go against such a strong trend.
Overall trend is BULLISH.
Trade safe,
Rodrigo
FOREX ACADEMY CLUB
Comment:
+50 PIPS
Trade closed: target reached