Theto_Morifi

GBPJPY Long Tradde Idea

Long
Theto_Morifi Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Simple setup with GJ in a very good place currently. There is so much confluence going down in this are that it's almost too
good to be true. A 5 wave impulse complete, price meandering on a minor support level, Divergence with the RSI, a cross-
over of the EMA and the RSI signalling momentum handing over. Quite the handful of bullish pointers. Let us observe this
pair as the week unfolds, it may be worthwhile.

Targets:

- 135.250
- 136.150
- 136.600

Do feel free to drop your comments below should you have a different perspective to the above, I would love to learn as well.
Trade active:

Trade is still active, secondary entry point established. Awaiting break above key resistance and entry will be taken on retest.
Comment:

TP 1 Hit
Comment:
Comment:
TP 2 Hit

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