PateSkpate
Short

GBPJPY 4hr Rising Channel Breakdown

FX:GBPJPY   British Pound/Japanese Yen
The GBPJPY             has been in a Rising Channel since October. Rising Channels tend to break to the downside. Today we finally got a break & Close out of the Channel on the 4hr Chart. This would be a longer term trade. Stop is 1 ATR above Breakdown Bar. Target is the measured move of the Channel (yellow line).
Trade active: Trade is Activated on the Break & Close out of the Rising Channel on the 4hr Chart.. ONLY 2 outcomes can occur now:
1. Stops get hit. or
2. Targets get hit.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out