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maxearns

Possible break and retest of resistance GBPJPY

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
maxearns Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Support and Resistance
7
0
supportandresistance
As you can see in the markup, I've given 4 confirmations that MUST be met to enter this trade. If price breaks, and does not retest our zone this trade is null.
Also, take note of how this zone displayed was formerly a strong point of resistance.
Comment:
Price is starting to break our zone of resistance. Naturally, a retest can't happen on the same candle as the break so set an alarm for 40 minutes.. then check on how this trade is performing in accordance to our confirmation checklist.
Comment:
Price started to show signs of breaking resistance, but came back down.. It's hovering in our zone. Price must close above of our zone to be considered a break.
Trade is not null yet, keep an eye on it.
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