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GBPJPY CONTINUATION OF BULLISH TREND.

Long
British Pound / Japanese Yen (FX:GBPJPY)  
chiajiachee  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Beyond Technical Analysis gbpjpylong GBPJPY Forex Currencies singapore
2
0
trendanalysis beyondta gbpjpylong gbpjpy forex currencies singapore
GBPJPY
  • Higher Time Frame Trend: Bullish

    - Bias: Longs
    - Wait for pullbacks or break and retest of market structure for entry.
    - Entry at 15min TF
    - 2 Trade Ideas

    1. Trade Idea ( wait for pullbacks)
    - As we can see, there is a bullish engulfing candle that broke the consolidation.
    - For this first trade idea, we would wait for price to pullback to the breakout of the engulfing candle for a better entry.

    2. Trade Idea (Break and Retest)
    - Instead of waiting for a pullback. We can set a buy stop above the highs of 151.500 for a breakout scalp trade.
    - Or if you wanna be safe and wait for a retest, that would work too.
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