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GBPJPY: WILL THE PRICE HIT 149.082?-BULLISH.

 

 

In a day time-frame the pound rallying significantly against the Japanese Yen. The GBPJPY is one of the familiar pair in forex market.

However, the price range finally breakthrough confluence correction trend with a potential impulse.

At 144.072, the market pitched an impulse and saved the trend from the downfall.

Right after the impulse, the signal tends a flag correction to boost up the flow in upward. Even the break out gave confirmation for the uptrend move.

In Spite of the above facts, I’m looking forward for an impulse formation from the current price range to the hilltop. By the potential of the break out impulse, the fly may last to 149.082.

Most of the time price range won’t come back to the previous breakout range, In-case candles forming in the bear ground means, end the trade at 144.834.

HAPPY TRADING.

 

SIGNAL SPECIFICATION:

Pair: GBPJPY

Order: BUY

Entry: 146.399

Take profit:149.082

Stop loss:144.834

Risk Vs Reward:1.71

 

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Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
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Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.

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Note: Please leave comments for any query.

Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.

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Forextamil
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06 Jul 2018 1:03 pm Posted by tamilforex

 
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