btcfreak

GBP/JPY forming a bull flag on the 15min!

לונג
btcfreak מעודכן   
OANDA:GBPJPY   לירה שטרלינג / יין יפני
Hy guys!

After todays breakout with a strong impulsive wave to the upside, GJ is pulling back and is currently forming a bull flag, Checkout the screenshot, where you can find a very interesting zone of interest, consisting of a Pivot, 50EMA and the 50%-62% fib zone. Buy in this zone using a buy limit order or wait for price action and go long on a bullish candlestick pattern. Stop loss should be a few pips below the recent lows. TP minimum 1:1.5 but I think we could be in wave 3, so we don't need to set a TP target yet!

In case we don't reach this zone, we wait until the Bull Flag breaks and wait for a Pullback entry long!

Good luck and good night!
הערה:
Price reached Pullback zone and broke out of the Bull Blag as expected. In case you missed the entry overnight, you can try to reenter above the 15min Pinbar @135.407

SL Below the recent low around the Pullback zone for a higher risk or a sl below the support zone and the 200EMA for a very safe SL
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