GBP JPY - Long Flashcard

GBP JPY - Long Flashcard
- This pair presented with the same pattern as on the reversal more or less
- Double bottom formation was formed off of the 200 ema
- 15m divergence as a long signal
- First leg of the formation had a RSI hook 32 back in the volatility bands
- Second leg of the formation had a clean RSI vs Signal line cross as entry confirmation
- Pattern presented as a double bottom on the H1
- Entry either at RSI Signal line cross or break plus close above 13 ema
- TP 1 at initial high of day and TP 2 @ RSI vs Signal line cross under or RSI hook back into the volatility bands