GBPJPY: Trend-Following Trading Plan ðŽð§ðŊðĩ
āļāļĩāđāļāļąāļāđāļāļ:
Update for GBPJPY.
The pair is trading in a long-term bullish trend.
After the price set a new high in October, the pair retraced.
The market dropped to a key daily demand zone 148.2 - 149.0.
To catch a swing move from that zone, pay close attention to a bullish flag pattern on 12H time frame.
Wait for its resistance breakout & then buy on a retest.
Goals will be 152.3 / 154.0
In case of a bearish breakout of a blue zone,
a bearish continuation will be expected.
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