Fxprotrader
Long

GBPJPY: That Would Be A Great Setup

FX:GBPJPY   British Pound / Japanese Yen
383 0 11
Although it's obvious we are in a long term downtrend based on how structure develops we may have a very nice buy setup very soon. Price reversed almost immediately after a sharp drop to the down, and is now consolidating above both the slide parallel and the upper quartile of the median line . What i will be looking is the end of this consolidation to go long. Price may rally from the current level but i will only get involved if i see it retracing into a correction at the slide parallel, only because i will have a much better risk/reward ratio setup. As a tp a will aim for the upper parallel of the set
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out