FX:GBPJPY   British Pound / Japanese Yen
I have look that this price gonna push down to be Support Area, as u see there's 4 wicks already (rejection) eventhough its wasn't long wick but its still good probability. So we will wait the price gonna shorting down to be PoC area, Then you can take the entry or you can wait till the price showing rejection at support line and followed by engulfing candle it will be the confirmation that the price gonna rise up.

So, The our plan is BuyStop/BuyLimit at the 143.432, And set the stopLoss to be 142.897.
About the profit, we could take till TP3, Make sure the minimum RR is 1%.

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Thank you.

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  • It is our personal view as a trader.
  • We are not inviting any trader to follow our ideas.
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