AlphaForex56

GBPJPY Bullish Scenario

Long
AlphaForex56 Updated   
FX:GBPJPY   British Pound / Japanese Yen
Certainly! Here's a refined version of your GBPJPY price forecast:

"GBPJPY Price Forecast: Observing an inverse head & shoulder chart pattern at the current level of 180.65. A potential bullish scenario may unfold with the formation of a bullish engulfing candle, presenting a favorable entry point. Alternatively, a breakout above the neckline could signal a promising trading opportunity for GBPJPY. The technical target for this move is set at +2.70%, reaching up to 188.50. Stay tuned for market developments! 📈💹e
Trade active:
Trade Activated! 🚀 As anticipated, the entry triggered on a bullish candle. The journey has begun! Let's ride the waves of opportunity together. Stay tuned for updates! 📊💹 #TradingJourney #BullishCandleEntry #ProfitableVenture
Comment:
As communicated previously, our entry point for GBP/JPY was identified at 180.85, coinciding with the formation of a significant bullish candle. Based on our analysis, the chart pattern suggests a target of 188.55. We will continue to monitor the trade for potential opportunities.
Comment:
- **Instrument:** GBP/JPY
- **Buy Entry:** 180.85
- **Stop Loss (SL):** 179.85
- **Take Profit (TP):** 188.55

Important Note: Emphasizing not to compromise on the Stop Loss is a prudent risk management strategy.
Trade closed: target reached:
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