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BoonHooi

GBPJPY turning bullish after that big drop ?

Long
British Pound / Japanese Yen (FX:GBPJPY)  
BoonHooi  
FX:GBPJPY   British Pound / Japanese Yen
ilovetrading Harmonic Patterns Shark Bullish Divergence Falling Wedge GBPJPY
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ilovetrading harmonicpatterns sharkpattern bullishdivergence fallingwedge gbpjpy
As you all would know, I missed the big drop on the pair after being spiked out of my short. (See related ideas)

Now after all this, I am going long for the reasons below :
- Completed a Bullish Shark Pattern
- Forming a falling wedge (bullish indication)
- Bullish Divergence on the RSI
Breaking above the falling wedge would be a powerful indication that the price is ready to move up

Related Ideas

BoonHooi
Still bearish on the GBPJPY
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