GBPJPY D TECHNICAL ANALYSIS Short

British Pound/Japanese YenFXCM

Description

⋅ Aug 14, 2017 7:56 PM

We identified bearish three drive pattern and ascending triangle with downward break.

We take short position from current level and book profit @ 138.50

Let's Watch !!

Comments

Murodjon

⋅ Aug 16, 2017 4:10 AM

so what is the target if it breaks the lowe trendline?

Murodjon

⋅ Aug 15, 2017 12:45 PM

what is the best price to enter for short?

ahgillani

⋅ Aug 17, 2017 8:50 AM

@Murodjon, Between 138.50 to 139

Murodjon

⋅ Aug 15, 2017 12:44 PM

wrong breakout ???

ahgillani

⋅ Aug 15, 2017 2:24 PM

@Murodjon, Check the breakout on lower time frame. We see a symmetrical triangle on 1H time frame. Let it break and here we go !!

ahgillani

⋅ Aug 15, 2017 2:28 PM

@ahgillani, Sorry it's ascending triangle since the upper trend line is horizontal resistance line.