GBP/JPY
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Buy
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Buy Stop Setup
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Bullish momentum on higher timeframes
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Previous resistance level broken with a close above
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Price wicked down and closed above the resistance level to create a new support
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For a reduced risk entry, I set a buy stop in order to catch bullish momentum, should it continue
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TP set at next area of structure where price may have reversed/bounced
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Buy
-
Buy Stop Setup
-
Bullish momentum on higher timeframes
-
Previous resistance level broken with a close above
-
Price wicked down and closed above the resistance level to create a new support
-
For a reduced risk entry, I set a buy stop in order to catch bullish momentum, should it continue
-
TP set at next area of structure where price may have reversed/bounced