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LorenzoDecaria
Mar 30, 2017 8:22 PM

Falling wedge broken Long

British Pound/Japanese YenFXCM

Description

This is an awesome technical figure that's taking shape after a very long consolidation period; the impulsive leg starting from past October at 125.00 hit 148.00 at the end of the year and has been retracing since then, finding a strong support at 138.00

Today's candle should confirm the pattern, which hints for a bullish move (and hopefully a retest of 148.00 level); I'm already long.
Comments
jojofang0901
Nice trade setup, thank you for sharing your view on this pair. I have same idea as well.
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