ab21

GBP/JPY time to go long

Long
OANDA:GBPJPY   British Pound / Japanese Yen
When I trade I tend to use the higher time frames as I believe they are more accurate. The time frame I will be using in this trade is the 4 HR and the daily.

As you can see it is above the ichimoku cloud which is showing bullish on the daily time frame and it has also crossed the monthly resistance level and is signalling an uptrend , and has formed a flag pattern on the 4 hourly after the third touch I will be looking to go in for a buy trade.

Please feel free to like comment and follow will be much appreciated. Thanks :D

R/R:3:1
SL:139.385
TP:141.065

Comments

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