raynlim
Long

Trade Ideas Educator: GBPJPY Pennant

FX:GBPJPY   British Pound / Japanese Yen
At this moment GBPJPY is at the sell zone, having that said on the 1-hourly chart(left) the market has breakout towards the upside of the consolidation pattern, the pennant which happens to be 1 of my favorite setup.

If the market breakout to the upside where is it most likely to go? The tip of the sell zone and the bearish shark entry price.

What's your trade plan on this? Comment down below.

Personally, I'm going to wait for a retracement on the 1-hourly chart(left) back into the buy zone and with for RSI Divergence for a long opportunity.
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