SaeedRehman
Long

GBPJPY 15min chart simple long trade

FX:GBPJPY   British Pound/Japanese Yen
94 4 4
Simple trade based on structure. My analysis shows the trend is bullish on the longer time frames and since price has made a pullback to the 786/618 level of the last impulse, I think it would be wise to go long here. around 161.87

Also the RSI is indicated oversold.

Remember might not work, so trade your own plan, i'm sharing to teach myself. If this helps then take use of it

Thank you
MetalJags
8 months ago
Thanks, this looks like a good trade.
Reply
SaeedRehman
8 months ago
Your welcome.. Glad it is of use.
Reply
ShahidKhan
8 months ago
very nice trick, but i m using fibonacci retracement, it also show 15 min bullish trend, and than reverse after touch 162.62
m i right?
Reply
SaeedRehman
8 months ago
Yes, It is possible to close the trade at 162.62 area.. not sure about going short as that would depend of your trading plan. I will be staying long.
I am certain you will easily get the 162.62 level.
Good Luck
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