Possible Long position

FX:GBPJPY   British Pound/Japanese Yen
Hello guys,

This is my second analysis. So don't judge me. It is simply an Idea.

As you can see in the chart, there is a beautiful flag formation . However, it is a crucial moment.
Will the price break and go down and hit the possible flag formation target which is around 179.100 - 179.000 or the Support area will hold and send the price up again?

I honestly don't know.
But I know one thing, there is a good Risk Reward if we take this trade. ( My personal opinion ).

If price don't go below 180.400 it would be good to buy and wait to hit the first target. Second target if breaks the trend line might get there 188.000 - 188.500.

Any suggestions, please.
If you have a different idea or want to debate. go for it.


Have a nice weekend
Comment: I didn't take this trade at 180.400, It was just an Idea to see how my strategy was working.

I think now after a completion of the Flag formation it is a good opportunity to buy.
Comment: ok Didn't work. hit stop loss.

alright cheers .
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