GBPJPY buy setup

GBPJPY in a ranging channel. Buy once price touches the lower band of the channel. RSI showing oversold conditions too.

Entry, SL, and TP levels as shown in the chart.

Keep charts and trading simple!
Questions? Telegram me: @fxprogela

Kommentera:

To anyone that considers trading my idea, the exact entry i specified might not be hit. Good to open a trade 10 pips above or below my entry. GJ price did not hit 141.17 but i still got the trade because I entered at 141.26.

Consider giving your trade a breathing room as I can not predict exact turning points.

Thank you!

Kommentera:

+120 pips profit. Moving SL to breakeven and letting the rest run. :P

Kommentera:

Yay!

Trade stängt: målet nått