GBPJPY H4 LONG PRICE ACTION FORECAST

Price action is trading in an uprising wedge, with MACD signaling a selling pressure supporting a small correction to the previous support level and the rising trendline from the wedge, allowing the setup of a buy-limit order.

S/l: 33 pip with a lovely R:R | 1:3, where the T/P is right at a strong level in confluence with 0.68 level from the Fibonacci extension.

Trade attivo:

Closed half the lot size, S/L moved to break even , expecting price to reach T/P level.

Trade chiuso: obiettivo raggiunto