FX:GBPJPY   British Pound / Japanese Yen
Weekly level is still holding, after a 3 candle corrective move it formed an engulfing pattern. I placed a limit order at the 50% retracement level of the engulfing pattern. If the price will continue to move higher I might look for continuation patterns on smaller time frame. If the price will move 2R from my entry point then the entry will no longer be valid.
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