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DrSwing_Forex
Aug 12, 2021 12:08 PM

GBPJPY(1Hour): BUY/SELL??? Long

GBP/JPYOANDA

Description

Reward: 328.2 pips🤑
Risk: 32 pips ❌
Risk/Reward Ratio: 10.27 ✅

Entry Reasons (1Hour Timeframe)
  • Price will be making a 3rd touch of the upward trendline.
  • Price will also be testing a support level which makes this setup have a lot of confluence.
  • Despite being in a downtrend, price breached the previous LH and this is a sign of a potential trend change from downtrend to uptrend.


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DR.Swing_Forex
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