MasoodAnsari

BGPJPY In Bullish Continuation

Long
OANDA:GBPJPY   British Pound / Japanese Yen
GBPJPY is on a bullish trend continuation following the formation of a bullish flag. The trend has broken out of the flag pattern, forming higher highs (HHs) and higher lows (HLs). It's a good time to enter the trade and set the most recent higher low (HL) as the Stop Loss. Aim for two target profits: tp1 with a 1:1 risk-reward ratio and tp2 with a 1:2 ratio.
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