GBPJPY, the BUY looks beautiful coming into this week

Apologies for not being active during the start of the trading week, I was still enjoying the weekend. Currently, GBPJPY moved exactly as we expected, daily closure for last week was above the trendline/key area. As soon as the trading week opened a huge gap occurred and needed to push back into the market structure so we missed out on at least 50-100 pips. Now with a move that big for a Monday, we will expect the price to push a little lower to stay within the daily 50-100 pip per day for GBPJPY. We'll enter a BUY LIMIT with potential updates if we'll enter manually.

GBPJPY BUY LIMIT
start: 129.272
stop loss: 128.572
take profit: 133.572

Trade stängt manuellt:

Trade closed at updated stop loss to break even