GBPJPY- Resistance breaks then 50 pips

We have been in a channel for a while on the daily. This pair is known for it's volatility and has earned the nickname 'The Beast'.
It's always been tricky to trade and you need a 30 pip stop loss and to be very accurate.
Once resistance is breached and we have a candle close above the downtrend resistance line and a candle retests take the trade long and place your stop and limit to the fib extension and target.

İşlem kapandı: hedefe ulaştı:

We surpassed our target and well done if you took this trade. It paid off.