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forex_prodigy

GBP/JPY Potential Buy Opportunity

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
forex_prodigy  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns GBPJPY LONG london yen breakouttrading Bullish Patterns Trend Line Break
2
0
trendanalysis harmonicpatterns chartpattern gbpjpy long london yen breakouttrading bullish trendlinebreak
Good Day Traders , I Hope All Is Well.
Reasons for taking this trade.
1) Stong Bullish Engulfing Candle on 15min timeframe indicating buy power
2) Break , retest , break pattern. ( Resistance becomes support)
3) Weekly momentum is still bullish
Advice
Whenever price breaks from a key level - it will almost always retest this level before continuing with the trend. ( Break , Retest , Break)
Good Luck
#ForexProdigy
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