GBPJPY - Buy on pullback - RR 1:4
Looking for a long if price can drop back to 150.19.
Do not enter using a buy limit as it could pike to the SL before pushing back up. Also if it doesn't go back up then the trade is not valid anymore.
The reason for this trade is that there is a possible head and shoulder pattern forming on the daily / weekly.
Important Note: This is the holiday season so there may not be good volume in the market, the best option for the next few weeks would be not to trade.
Do not enter using a buy limit as it could pike to the SL before pushing back up. Also if it doesn't go back up then the trade is not valid anymore.
The reason for this trade is that there is a possible head and shoulder pattern forming on the daily / weekly.
Important Note: This is the holiday season so there may not be good volume in the market, the best option for the next few weeks would be not to trade.
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