ChinaHelloWorld

Long GBPJPY opportunity

Long
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY would retract a little bit to perform a Flag pattern, then continue the original trend direction to North until touching the long term down trend channel top line area.
Maybe enter long trade near the Flag pattern bottom line, or after price break through the Flag pattern.
Comment:
It looks the price break through the Flag pattern to North then retracted back to the previous top as support. Maybe try to have a second chance entry of long trade now.
Comment:
Take profit first and wait price retraction.
Comment:
Continue open long trades
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.