GBPJPY Setup
I will only sell if the trend line is broken. As it stands, GJ is attempting a bounce on a support on H1 chart which validates a trend continuation. Moving averages on M15, H1 and H4 supports a bullish movement.
However, there's a resistance on H4 and there could be a bounce.
My approach will be to buy slowly with a tight SL. If the trend on H1 breaks, then it means the bounce on the H4 resistance holds. Then I'll sell.
However, there's a resistance on H4 and there could be a bounce.
My approach will be to buy slowly with a tight SL. If the trend on H1 breaks, then it means the bounce on the H4 resistance holds. Then I'll sell.
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