Looking to get long GBPJPY on the pullback into 4H resistance
ideally would like price to pull all the way back to the 50% fib past the ATR also so i can get a tighter stop to get a better R but will take the trade anywhere in the green box will be watching price as it enters that area.. i wont take the trade if it sets up late in the new york session as i dont like holding trades over the weekend and wont see much of a move today with low volatility later on in the day so will stay out of it.
target will be the test of previous swing highs also D1 resistance great RR
ideally would like price to pull all the way back to the 50% fib past the ATR also so i can get a tighter stop to get a better R but will take the trade anywhere in the green box will be watching price as it enters that area.. i wont take the trade if it sets up late in the new york session as i dont like holding trades over the weekend and wont see much of a move today with low volatility later on in the day so will stay out of it.
target will be the test of previous swing highs also D1 resistance great RR
Trade closed: target reached:
target reached although i was not involved in the trade as it didn't give me the pullback i required