TRIANGLE PATTER Long

British Pound/Japanese YenFXCM

Description

⋅ Aug 2, 2017 2:27 PM

My view has change on most of yens pairs and my bias is more bullish than bearish due to few reasons.

First -- structure shows signs of triangle pattern in development as big correction to upside.

Secondly we have had breakout from consolidation on EURJPY where price made recent new high all signs pointing on continuation of rally.

All subwaves in ABCDE main waves have characteristic formation of 3 waves abc.

Order cancelled

⋅ Aug 23, 2017 8:51 PM

Chart Patterns Wave Analysis

Comments

adilmlm

⋅ Aug 3, 2017 1:21 AM

hey bro thanks for update .....i enter to this pair sell @ 145.94 TP : 144.48 SL : 146.90 what you think ??

pablo82

⋅ Aug 3, 2017 9:25 PM

@adilmlm,

Well done, perfect timing and good SL set in place.

Price should drop at least to 143.20 and than depends from price action we going to have a bounce or breako to downside.