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Nemo75

GBPJPY D1, Long TCT opportunity after retracement to structure

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Nemo75 Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis TCT
6
4
trendanalysis tct
I'm watching this special pair, called "The Beast" for a couple of days.
The idea is to enter into a long trade, after the price has retraced to former structure. Since the price is rallying the trade would be a trend continuation trade.
Although it seems to be hard to find a valid SL level it offers a pretty good RRR.
Happy to read what you guys think.
Comment:
Trade active @148.16
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