Probe Trade GBPJPY

Reason for Probe LONG trade

Pro
1) HA Daily confirmed.

2) Bottom of channel
strong support

3) Elliot Daily and weekly support upside turn
Elliot Daily #4 (up)
Elliot weekly #C(up)

Cons
4H Trendline Resistance (expect a bounce)

Observe the price reaction along the 4H trendline.

Market Execution @ 146.70 Probe Trade