GBPJPY is in a very strong uptrend when we look at the monthly time frame and the weekly time frame. We have seen some sort of bearish correction in the previous two months (July and August)
which is a good signal to find an entry to the upside. The daily time frame also just trend bullish, this can be seen from the breakout of the symmetrical triangle/or...
FX:GBPJPY
TARGET ENTRY
BUY LIMIT @ 1.2600
SL @ 1.2550
TP @ 1.3000
RRR 1:8
NOTE:
Confluence of HNS @ 1D ( price forming right shoulder)
BRN @ 1.2600
Wait for Bullish CS confirmation only enter the market.
**The ideal SL is below the Head @ 1D**
Trade At Your Own Risk
