PriceActionTrading

GBPJPY Rejection of clear key level.

Long
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY closes above key level on the W1 level, creating a fake out the key level.
Will be greedy and look to enter long around the 176.2 region.
Aiming to close out at 181.9TP1 and 185.9TP2.
Will close out position if D1 manages to close below 175.5.
Look for favourable pin bar or bullish rejection signal near 176.2 - 176.5.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.