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GBPJPY ANALYSIS 15 - 19 FEB

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Terapips Updated   
FX:GBPJPY   British Pound / Japanese Yen
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6
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ANALYSIS
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DAILY TF: BIG BULLISH MOMEMNTUM CANDLES
4HR TF: BREAK OF RECENT HIGHER HIGHS
1HR: BREAK OF A RECENT HIGHER HIGHS

PLAN OF ACTION
----------------------
- WAIT FOR RETRACEMENT/ CORRECTION PHASE ON THE 1HR & OR 5MIN TF TO COMPLETE BEFORE TAKING BUYS
- IF OPPORTUNITY PRESENTS ITSELF, WE CAN TAKE THE ANTI-TREND SELL TRADES
- CHECK ASIA & LONDON SESSIONS FOR BREAKOUT OF THE CORRECTION PHASE


ENTRY REASON
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- BREAK OF CORRECTION PHASE

STOP LOSS @ TO BE DETERMINED AFTER CORRECTION

TAKE PROFIT @ NEXT ZONE
Trade active
Trade closed: target reached
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