GBPJPY Higher Time Frame
GBPJPY was trending up and formed support on the daily timeframe. Anticipated that price would retest the highs and break above, continuing the trend
GBP Final Manufacturing PMI at 9.30am GMT
GBPJPY M30 Time Frame
GBPJPY had formed a range in between Support @ 183.13 and Resistance @ 183.75. The 2nd retest of support came later in the London session. Dropping down to the 5min timeframe the candle where trending up after the retest and Entry was taken at the break of the high of the 3.20 candle after the candle respected its bottom wick. The TP was set just below the top of the range near resistance
Entry - 183.227 - 3.25pm
SL - 183.10
TP - 183.73
Bullish bias
1)Resistance
2)Support
Set up
Retest of support/M5 candles trending
GBPYJPY Trade
Entry was break of the high
Stop loss below M5 lows
TP - M30 resistance/top of range
Commenti