GBP/JPY 1 hour triangle breakout imminent #pricewatch
Hello traders,
The new week begins with a setup on GBP/JPY - Price has consolidated at the highs of last weeks impulse and we could see a breakout today or Tuesday. These types of setups have a high success rate but look at placing a buy stop just above the triangle for confirmed breakout and stops should be a few pips below the triangle.
These #pricewatch posts will be posted more across my TradingView profile - follow and like these posts for more.
Good luck.
Ike
The new week begins with a setup on GBP/JPY - Price has consolidated at the highs of last weeks impulse and we could see a breakout today or Tuesday. These types of setups have a high success rate but look at placing a buy stop just above the triangle for confirmed breakout and stops should be a few pips below the triangle.
These #pricewatch posts will be posted more across my TradingView profile - follow and like these posts for more.
Good luck.
Ike