Wait for Retrace then Go long

FX:GBPJPY   British Pound / Japanese Yen
84 1 2
FX:GBPJPY             is retracing to Fib .50 / .618
Watch out for buy signal around 156.00
Wait for price to close above 158.00 then go long for completion of AB=CD pattern

Possible Take Profit @ 160.00/50

Comment: Retrace complete-wait for buy set-up then go long
Expecting a big long move here

Good luck
Trade closed: target reached

Related Ideas

Buy on break of trend line
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