Lay-Z
Long

GBPJPY LONG (DFS) #4 WAIT 4 CANDLE CLOSE

FX:GBPJPY   British Pound/Japanese Yen
627 2 9
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I've Been Watching GBPJPY             since the breakout of the wedge around 131.078 as price has finally broken out one of my wedges . My Plan with GBPJPY             is to wait for the current candle which is currently closes in the next 2HOURS to CLOSE
(THIS IS IMPORTANT, TO WAIT FOR THE CURRENT CANDLE WHICH IS IN PLAY AS I POST THIS TO CLOSE ABOVE 136.016) Then i will enter a long position aiming for 140.071 as price has currently broken previous pivot resistance on the 4hour and is now flirting with the 0.764% level..

As I Repeat this Trade is ONLY ACTIVE If the current candle closes above 136.016 if it don't i will look for another entry in the near future

-- Breakout Out in Structure
-- Breakout In R1
-- Possible Breakout In 0.764%
Comment: Heres why i preach to wait for candle breakout & paitence as price has railed down a few pips and is not just above 0.764 however 1hour and 40mins before candle close so we will see the next move for GJ From then
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-Patience is the key
Trade active: 138.54 Break-Even
Trade active: Trade BreakEven
Trade closed: target reached: Trade Close for 400 Pips GG #DFS!
Trade closed: target reached:
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Comment: GU next hmm lets see
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Nice analysis bro
+1 Reply
Lay-Z jackmyattFX
<3 dfs :D
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