GBPJPY long setup after break and retest of limit level
Bulls pushed price strongly and broke above limit level. Price came back for a retest of previous resistance now turned support and is currently forming a bullish engulfing candle. You may choose to enter a long position at the open of the next candle after the bullish engulfing candle. SL can be placed below support line or you can scale in on a lower timeframe if you want a tighter SL. Cheers and happy trading!