TraderSQUAD
Long

GBPJPY Bullish Divergence

FX:GBPJPY   British Pound / Japanese Yen
Not finding any of the usual patterns. An equal distance A-B-C-D terminates at 155.165. With RSI divergence;

Buy 155.65 with targets at
156.70
158.00
159.13 (3.6:1 reward:risk)

(A Stochastic RSI lower than 25 would be ideal and its current levels indicate potential for moves lower however 155.60 should provide good support)
Trade closed: stop reached: -95 pips

Talk about spectacular & wrong!
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