TRADESBYZION

GBPJPY LONG 400 PIPS CHANCE ๐Ÿด๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟ๐Ÿ‡ฏ๐Ÿ‡ต

Long
OANDA:GBPJPY   British Pound / Japanese Yen
Hello guys,
First of all I'd like to wish you a good day. โ˜€๏ธ๐Ÿง˜๐Ÿพโ€โ™‚๏ธ

LIKE and COMMENT if you agree ๐Ÿ’ก

So, I've done a survey, and this is the pair my students want us to trade today.๐Ÿค™๐Ÿพ

In this 4H chart, we can clearly see a nice uptrend.๐Ÿ“ˆ

I've marked my trend line (B), marked the previous high (A), previous resistance (F), a break-through to the upside of the resistance (C), and two re-tests (D) and (D') on the trend line (B), after breaking the previous resistance (F).

So, the pair broke above the resistance(C), after a bearish trap (E).
I decidid to take this position, after the 2 re-tests on the trend line (B),
I deeply believe the pair will reach new highs during the next couple trading weeks.

I've set my SL on the higher values of my bearish trap, and my TP slighty above our previous highs.

Don't forget to follow us so you get notified everytime we POST. ๐Ÿง˜๐Ÿพโ€โ™‚๏ธ๐Ÿงก

Comments

Getting long on a pair which has come from an impulse down and which has subsequently pushed up both structurally and correctively? ๐Ÿค” Let me know how that works out over a large enough sample size. ๐Ÿ‘
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TRADESBYZION StewySongs
@StewySongs you might want to have a closer look mate
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