GBPJPY

REASON : SUPPORT AND RESISTANCE as reference point

1) price make sideway structure

resistance
friday 10 march,
tuesday 14 march
wed 15 march

support

Monday 13 march

Wed 15 march price trap at the support


Entry at 160.530
Stoploss 159.560
Take profit 164.000

RISK REWARD = 3.60

At the current support price trap the 13 march support
then price reject to go down ( piercing pattern )

therefore, i risk my money around 0.5% to gain 1.8%