GBPJPY buy opportunity
Updated
Hi All,
I've still been trading the long term chart on traditional markets while the crypto-currencies are doing a whole lot of nothing!
On the GBPJPY, we can see a inverted head and shoulders pattern forming on the DAILY chart.
Not that I follow the fundamental news, but any BREXIT news could act as the catalyst that triggers the pattern with a breakout. I won't be rushing into this trade and will be waiting for a close above the wick highs above the neckline.
Position size accordingly and trade small. Profit target shown.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
I've still been trading the long term chart on traditional markets while the crypto-currencies are doing a whole lot of nothing!
On the GBPJPY, we can see a inverted head and shoulders pattern forming on the DAILY chart.
Not that I follow the fundamental news, but any BREXIT news could act as the catalyst that triggers the pattern with a breakout. I won't be rushing into this trade and will be waiting for a close above the wick highs above the neckline.
Position size accordingly and trade small. Profit target shown.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
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