GBP/JPY set up

12 בינו׳ 2018

This was one of my most successful set ups this week, didn't expect for it to take off that well especially with JPY which performed pretty well towards the end of the week. Like most of the time we're looking for a breakthrough or rebound; here the rebound signal for me was at the fourth bullish candle which was nice and full with barely any tips at all. On top of that, this was a very strong support zone as seen with the trend lines. Bearish candles were just not closing well here and couldn't break through. There you have it.
Will be publishing ideas sunday night, this upcoming week should be very interesting with this week's close.