chike00

GBPJPY bullish reversal

Long
OANDA:GBPJPY   British Pound / Japanese Yen
This is a bit of a backtrack from my previous GBPJPY prediction, but I have now noticed a few things.

Trend break,
Rebounded off resistance,
Moving average crossover imminent,
Bollinger band moving outwards showing market getting louder

Be careful of a retest though.

I'm going to wait for a strong bullish candle before I definitely go in, or I'll just wait for a retest and then go in.

Thoughts?
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.