PriceActionTrading
Long

Potential re entry into trend

FX:GBPJPY   British Pound/Japanese Yen
37 1 1
H4 pin bar spotted at key support trendline . However, i will not look to buy into just it yet as D1 has recently taken a beating and the beating could continue to 180 level depending on how today closes. i will only enter if a pin bar or rejection pattern is formed on the trendline end of today 05/01/15.
traders who are willing to take on more risk have the option to enter long at 184.366 or enter long if H4 manage to close above 184.366. i personally have put a buy limit at 180.05 (a 400 pips difference i know).
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