#GBPJPY Long Idea for Retracement (FIB, Structure, Harmonics)

FX:GBPJPY   British Pound / Japanese Yen
#GBPJPY Long Idea for Retracement

1. Higher Time Frame Support Structure
2. 1/1 Harmonics in the zone
3. Price Oversold
4. Fib extensions confluence
5. 50SMA lagging which may attract the price
Update: Targets achieved and profits running
What do you think?

TradeYodha KevinSinghDhaliwal
looking good definitely. Nice trend line and price seems to respect it
RSI is not oversold yet, near the 30 is oversold or am I wrong?
TradeYodha Yahia.Awes
It has just been. Actually I am little late. The price has already been to the zone when it was over sold. I am waiting for a retest of the zone and confirmation in the form of a double bottom
Yahia.Awes TradeYodha
Yes you're right, but this might be something to keep in mind for next week :)
TradeYodha Yahia.Awes
Yes definitely. No point in taking a position right now.
+1 Reply
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