GBPJPY Channel Boundaries Short

FX:GBPJPY1D

British Pound/Japanese YenFXCM

Description

⋅ Mar 30, 2016 9:28 PM

The trend is your friend!

Comment

⋅ Apr 1, 2016 12:52 AM

Keep following this one, will be good!

Comment

⋅ Apr 3, 2016 10:31 PM

now its broken, wait a setup on lower time frames and sell!

Comment

⋅ Apr 5, 2016 6:01 PM

amazing movement

analysis

Comments

Heribud

⋅ Mar 31, 2016 11:59 AM

Hi Piet,
I am not sure about going SHORT at this level cause :
1. the weekly chart shows it bounces off support
2. Daily candle on March 25 is quite bullish and market clearly respect the TL that you draw on the bottom

Piet.Hein

⋅ Mar 31, 2016 9:00 PM

very nice analysis mate, thanks for share, yes you are totally right, because of these reasons I would short only after this ascending trendline breakout, so far its holding price.

Heribud

⋅ Apr 5, 2016 2:23 AM

Now, I am going Short, market has broken the TL

Piet.Hein

⋅ Apr 6, 2016 4:57 PM

good position :)

TarekAdam

⋅ Mar 31, 2016 10:58 AM

Nice and simple, I like it!

Piet.Hein

⋅ Mar 31, 2016 8:58 PM

me too ;)