Looks like we might get a long trade opportunity on GBPJPY in the up coming days. WE can see that the 4 hr chart has broken out of the resistance trend line, and made a new high. If the price action can pullback and form a higher low, it would be a nice risk:reward entry up to the next resistance area.
Wait for a nice rejection, confirming the higher low and trend change before entering the long position.
HI to the only way to trade gbpjpy long is to wait for the break of 142.77
it is to risky now
jojofang0901
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@gabaym, Yea that could be a nice potential entry point. For me personally, I am looking for a higher low to enter instead of a breakout. Thank you for sharing.
it is to risky now