GBPJPY BULLISH
We can now enter with a r:r of 1:15, trading the very likely minor double bottom that appears to be forming above the uptrend line.
If we break the 158,000 zone, we would have two bullish confirmations, which could drive the price to go looking for 50 fibo as the first tp, and 61 as the second tp.
In the event that the price breaks down the 153,000 area, and touches our sl, we make a new entry in the 150,000 area (key level) taking a more aggressive risk.
The breaking of the bearish line of the last impulse, would confirm an effective rejection in the zone of 153,000.
ENJOY IT GIRLS AND GUYS!!
If we break the 158,000 zone, we would have two bullish confirmations, which could drive the price to go looking for 50 fibo as the first tp, and 61 as the second tp.
In the event that the price breaks down the 153,000 area, and touches our sl, we make a new entry in the 150,000 area (key level) taking a more aggressive risk.
The breaking of the bearish line of the last impulse, would confirm an effective rejection in the zone of 153,000.
ENJOY IT GIRLS AND GUYS!!
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