GBPJPY - Buy Stop/Sell Stop
We will buy at the breakout of the ascending triangle.
I'm taking two trades of 0.5% each. One trade with 1:1.2 RR and the other 1:2.1 RR
The 1:1.2 RR is based on the projection of the ascending triangle and second trade to potential resistance.
I have also taken two short trades and it's because of the strong bearish divergence. If the price breaks the trend line, it should continue to move down to the previous support levels.
I'm taking two trades of 0.5% each. One trade with 1:1.2 RR and the other 1:2.1 RR
The 1:1.2 RR is based on the projection of the ascending triangle and second trade to potential resistance.
I have also taken two short trades and it's because of the strong bearish divergence. If the price breaks the trend line, it should continue to move down to the previous support levels.
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