analitykFX
Long

GBPJPY - bullish "V"

FX:GBPJPY   British Pound/Japanese Yen
114 5 7
After friday news price reached new height. We can easily notice simple "V" construction. Now we should wait for correction to at least 133.00 and there open buy positions. Best possible buy are is around 132.20 but chances that price gets there are small.

SL 131.75
TP1 136.00
TP2 140.00


On weekly chart we have also bullish candle formation:
snapshot

Related Ideas

Najib13th
7 months ago
are you sure that is morning star?close reference candle should be buy or sell?
Reply
analitykFX Najib13th
7 months ago
I am sure but I don't know what you mean by that "close reference candle" ?

Price run away so still waiting for correction.
Reply
Najib13th analitykFX
7 months ago
the middle candlestick mate.i think the middle candlestick should be sell candle..then we call it morning doji star..is it?
Reply
analitykFX Najib13th
7 months ago
It doesn't matter what kind of candle is the middle one. In this case it is doji candle so you can call it "morning doji star" but it's just a type of "morning star".
Reply
Najib13th analitykFX
7 months ago
i see..noted..thank you sir
Reply
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