AndriyMoraru
Short

Ascending Channel on GBP/JPY @ D1

FX:GBPJPY   British Pound / Japanese Yen
The ascending channel pattern on D1 chart of GBP/JPY             shows a potential for a bearish breakout. The pattern's borders are shown with the yellow lines. My potential entry level is shown with the cyan line. My potential target level is the green line. Stop-loss will be set to the high of the breakout bar (not shown on the chart).

More information, tools, a chart template, and a free EA             to trade this pattern in automatic mode on
http://www.earnforex.com/blog/gbpjpy-in-ascending-channel-recipe-for-downtrend/
Trade active: Entered at 185.710 with SL = 186.993 and TP = 182.510.
Trade closed: target reached: Take-profit (183.955) triggered today at 13:11 UTC.
You can find a lot of detail about my trading ideas in my blog - https://www.earnforex.com/blog/. You will also find useful tools to find, build, and trade similar patterns - all completely free.
Hello.

Your chart looks nice. I saw a similar structure with the same bearish look, but didn't see the channel. Check it out if you want!
snapshot
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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