GBPJPY Intraday Buy Setup Forming

2
78
GBPJPY Buy Scenario With Triangle Pattern

Hi Traders,

I believe the correction of this pair is near its end and this is a nice opportunity that the market is offering to join the bulls. As you know our longer term view is still bullish, so any correction is a way to re-enter long positions.

GBPJPY M15 Chart

What we want to see here is a small correction towards 145.44 and then go long. If you want to make this entry a bit more conservative, wait for double wave correction first of all and the buy the breakout of the down trend line to be formed.

Target 1 – 147.80

Target 2 – 151.20.

Target 3 – 159.70.

Protection below 144.92.

GBPJPY Intraday Buy Setup Forming

Yours,

Vladimir

SHARE

2 COMMENTS

JOIN THE CONVERSATION - I ALWAYS REPLY (VLADIMIR)

Please enter your comment!
Please enter your name here