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Osiris992

GBPJPY Long Idea

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Osiris992 Updated   
FX:GBPJPY   British Pound / Japanese Yen
Chart Patterns Trend Analysis Technical Indicators GBPJPY gjlong gbpjpyanalysis
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chartpattern trendanalysis indicator gbpjpy gjlong gbpjpyanalysis
GJ on daily has been rangebound for a while now. PD it broke the upper end of the range and it is now set up for long side properly on higher TF. so if in Asia session we get volume in favor of longs we will have 1/2 in favor with HTF confluence.
Comment:
Wasn't expecting a move down below PD VAL.
Correct play here (in hindsight) was to buy at rejection of 8 on daily.
Even if it sustains over POC, the setup is no longer, as
@TheOneLanceB
says "at the right side of V"
w/o a good chop, the idea seems invalid. will see how it works

snapshot
Comment:
Any pullback to PP will give us reason to go long with Grade C risk.

snapshot
Comment:
beautiful pullback to POC.
let's see if we can sustain over POC.
Order cancelled:
Idea Invalidated,
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