Buying from this trendline support
Targeting atleast 50% retracement from swing that broke structure.
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I just noticed the price reacted at the weekly OB also. Coincidently it was a 50% pullback from 191.4 Swing High & 185.2 Swing low. Interesting I only noticed this weekly OB and 50% retracementpoint just now.
There was a trendline(4hchart) and I thought it was enough as a support/reversal point and did not make a much further in-depth analysis.
There was a trendline(4hchart) and I thought it was enough as a support/reversal point and did not make a much further in-depth analysis.
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Scenario 2 in play
![[In depth Analysis] GBPJPY strategy.](https://s3.tradingview.com/8/8ec1BCRS_big.png)
Trade stängt: målet nått:
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Idea went better than expected! 50% retracement target reached
market shifts to bullish gears