GBPJPY BULLISH BREAKOUT
Very good and interesting set up presented here in the higher and lower timeframes with over 4 confirmatiosn that let us know that price could possibly continue its bullish momentum and those confirmations are :
1. Price broke and close abvoe the daily timeframe
2.broke and close above the MP fib level that was working as a strong resistence the last weeks
3.Price is forming a new and 3rd structure
4.3rd corrective impulse must be formed after retesting the strong 38% fib
5.New HH formed
So in order to go long i would like to see a close above or atleast stay above the previous candles low (146.75) or my ideal entry if we break and clsoe above those candles highs
Very good and interesting set up presented here in the higher and lower timeframes with over 4 confirmatiosn that let us know that price could possibly continue its bullish momentum and those confirmations are :
1. Price broke and close abvoe the daily timeframe
2.broke and close above the MP fib level that was working as a strong resistence the last weeks
3.Price is forming a new and 3rd structure
4.3rd corrective impulse must be formed after retesting the strong 38% fib
5.New HH formed
So in order to go long i would like to see a close above or atleast stay above the previous candles low (146.75) or my ideal entry if we break and clsoe above those candles highs