GBP.JPY - Long Breakout Opportunity

The GBP.JPY is 1 of 5 currency pairs on this evenings watchlist.
Once my entry criteria has been met we will set a pending order and await a clear break.

Commento:

Pending order now in place.

Commento:

Price finding some indecision at the 4hr EMA and 141.00 even handle

Commento:

A strong breakout and a long entry if it fits your rules.

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If you have a 2:1 RR strategy then you should have now covered your positon

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A pullback to 142.00 is expected prior to another push higher.

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We got a 142.00 pullback, now i expect price to retest the 144.00 handle.

Trade chiuso: obiettivo raggiunto

Commento:

Although my target has been attained, i thought i would update for those still in the position.
We are now starting to see bearish RSI divergence so a resistance level could form very soon.

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Building the perfect high probability positions.