Get started
benherreranet

GBPJPY long

Long
British Pound / Japanese Yen (FX:GBPJPY)  
benherreranet  
FX:GBPJPY   British Pound / Japanese Yen
Chart Patterns Trend Analysis GBPJPY gbpjpylong
1
1
chartpattern trendanalysis gbpjpy gbpjpylong
Earlier today the beast broke the consolidation rectangle it had formed since 22 March. Price has come back to retest the upper side of the rectangle forming a bullish flag. Now I'm waiting for the flag to be broken to the upside to enter long on this pair. My first TP is 147.5 and TP2 is at 148.5
Wait for confirmations and use an appropriate risk management.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.