GBPJPY - second entry - Long - lets see what happens

Hello all - DuncanForex here with another trade idea

The trade idea last night did not work out, however price has now hit the Monthly pivot point,

I do expect price to react at this level.

It has broken out from the short term dynamic resistance - retested it at support and is now showing bullish price action on very low time frames.

It this continues to cycle higher - I may get in to this trade however with a reduced risk profile of 0.5% per trade

DuncanForex.com is now live

Thanks for looking

Duncan

Comment:

trade setup hasn't happened as yet - on my watch list