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British Pound / Japanese Yen

GBPJPY D1- Continue Rectangle or Bullish Dragon Pattern?

By erbe
GBPJPY D1- Continue Rectangle or Bullish Dragon Pattern?
Currency Pair: GBP.JPY
Time Frame: Daily
Predicted Direction: Neutral

- Price bounced several times within PCZ

Entry:
  • I will open Sell if the price will make breakdown of @138.74 (SL = @141.41, TP = @130.59)
  • I will open Buy if the price will make breakout of @141.41 (SL = @138.74, TP = @148.73)


GBP.JPY updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
bullishdragoncontinuationpatternsdragonpatternGBPJPYHarmonic PatternsRectanglerectanglebreakrectanglepatternsTrend Analysis
erbe
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