forex_prodigy

GBP/JPY Potential Buy Opportunity

Long
OANDA:GBPJPY   British Pound / Japanese Yen
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

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out