QuileHills
Long

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?
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TradingFellow TradingFellow
And combine this with RSI divergence?
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