GBPJPY Long Trade Setup

OANDA:GBPJPY   British Pound / Japanese Yen
Hello Traders

My expectation is a huge up impulse because, in my opinion, a higher degree correction is in the making. The last bottom can be the end of that correction and if it's so, it can go to 161.300. It's good to see the potential but my target will be a smaller up impulse. Then I'll wait for a correction to buy again. As you can see it came down and made a new low which can be the end of B. Of course, it can make a correction under the trendline and come down more, but we'll hopefully have enough time to move SL to BE in the case of a correction. I placed a pending order above the top by risking 0.5%. If it makes an up impulse and correction I'll buy more.

For more details and the daily updates please watch my daily analysis videos on Youtube.
Trade with care.
WaveAnalysis Bullandbeartrading
@Bullandbeartrading, Thank you.
Good Trade, keep it up and leave us a like aswell mate :)
+1 Reply
@FxCanli, Thanks. I'll.
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