See daily chart of GBPJPY below for the discussion that follows.
GBPJPY broke resistance this past week – its also starting to make higher higher highs and higher lows. If price pulls back to support (prior resistance) and I see bullish candlestick price action, I will likely go long.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading / financial advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
