FedericoSellitti

GBPJPY getting out of the congestion period?

Long
OANDA:GBPJPY   British Pound / Japanese Yen
GBPJPY recently has shown good action by buyers. I'm waiting to see if this action continues and is strong enough to take GBPJPY out of a sideways trend that seems to be very solid in the last period. I place my buy stop entry order out of the congestion phase to confirm the breakout and the strength by buyers.
Risk to reward is great for this trade :)

Find out more at www.itstradingtime.com/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.