Buy GBP/JPY at price 141.900 with a stop loss placed at 141.382 and a TP placed at 142.916. The market reacted to a support earlier on. Now for those who did not catch that move the market has recently formed a retracement. looks like a potential morning star pattern currently forming on H4. it is in your best interest to wait for the candle to close as a bullish candle before taking a trade. Alternatively, you may place a buy stop just a few pips above from our entry price to filter out whipsaws.
Posted 11: 57