Simple swing trade idea.
GBPJPY(GAP down)
1) Why long? Most of the time, when price gap down it will fill back the gap.
2) Price touched 50% fibo in my Oanda chart.
Beware of 2 EMA now price are ranging in there. Will it break up higher?
if price formed a bearish candle in H4 chart in range on 2EMA. Will close the trade.
Trade with own risk.
Happy Trading