GBPJPY Buys
The market reaches 4H Support Zone
However , the market did not transition from the Downtrend so we wait until we see a transition happening before we look for entries.
Bearish Trendlines identified which was broken in confluence with a Resistance zone that was also broken and Retested
(15 M ,30M and 1H)
Bullish Engulfing (ENTRY)
DETAILS:
Entry - 161.863
Stop Loss: 161.476 (38.7 pips)
Take Profit: 166.206 (434.3 pips)
However , the market did not transition from the Downtrend so we wait until we see a transition happening before we look for entries.
Bearish Trendlines identified which was broken in confluence with a Resistance zone that was also broken and Retested
(15 M ,30M and 1H)
Bullish Engulfing (ENTRY)
DETAILS:
Entry - 161.863
Stop Loss: 161.476 (38.7 pips)
Take Profit: 166.206 (434.3 pips)
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