TradingView
OGFXTRADER
Jul 23, 2020 12:29 PM

GBPJPY H1 LONG PRICE ACTION FORECAST  Long

GBP/JPYOANDA

Description

Price action in a bullish trend forming HH&HL, in a correction at the moment, is heading towards the ascending trendline, matching the entry for a long play at the golden FIB level 618.

Price uptrend momentum could reach the resistance level from a previous H&S pattern from last month, exactly where the T/P level will be placed.

The order:
Type: buy-limit
S/L: 56 pips - R:R | 1:2.5 -
T/P: next resistance level

--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Comments
ecoleoart
nice work. thank you
OGFXTRADER
@ecoleoart, appreciate your time man thx
More