GBPJPY Bullish Divergence in Channel

FX:GBPJPY   British Pound / Japanese Yen
779 3 28
GBPJPY             is showing some bullish divergence on the 4H RSI in the area of my 100% fib support within a tight bearish channel its been ranging in since late April.

I'm watching for a bullish break to buy the pair up to just under the longer-term channel resistance with a position similar to the one shown.

R:R of position show 4.08
Interesting, is this what you do mostly? waiting for a breakout to set your buy/sell stops at?
TradingFellow TradingFellow
And combine this with RSI divergence?
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out