GBPJPY
GBPJPY had formed resistance and was pulling back from the highs it had made at the beginning of the week. Fridays daily candle had respected the previous daily low and pushed bullish forming support, which was a previous resistance level - role reversal
A strong buy confirmation was when the previous daily high was broken, this was the 30min candle that closed above resistance to set up the continued buys.
The ranges above the resistance were pretty clean for buys, better than the sells
Entry - 169.63
SL - 169.46
TP - 170.48
Bullish bias
Daily + H4 bullish
Set up
Closure above resistance
Entry was at the break of the high
Stop loss below
TP - Last lower high resistance- 85pip move
Commentaires