GBPJPY
GBPJPY was bullish on the HTFs. The 4 hour had formed resistance and price dropped during London session when unemployment numbers were higher than expected.
Looking at the structure once support was formed there was a high probability that price would continue up to retest the highs and above
After the news drop and a previous support was respected, it was anticipated that the move would be retraced as the HTF bias was bullish. Support was formed with a bullish engulfing candle, which was confirmation for the buys
Entry - 169.81
SL - 169.73
TP - 170.625
Bullish bias
Uptrend market structure formed
Set up
Bullish engulfing at support
Entry was at the break of the high
Stop loss below
TP - Top of the range - 80pip move
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