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GBPJPY 4H LONG TRADE

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Tradingstrategyguides Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators 50sma 100sma buystop takeprofit GBPJPY FXCM forextrading
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trendanalysis chartpattern indicator 50sma 100sma buystop takeprofit gbpjpy fxcm forextrading
Price is in between 50 sma and 100 sma
Chart showed good example price goes halfway and falls back to 50 sma
Macd above 0 level line Bullish bias
Price will continue to 100 sma or may fall back to 50 sma again
If price falls back to 50 sma it will continue falling or bounce towards 100 sma
Watch Macd for direction
Two possible ENTRIES
Take Profit is either 50 pips or the 100 sma
SL below 50 sma
Comment:
Price did fall below 50 sma
New Entry point short
New Take Profit
snapshot
Comment:
Sorry wrong chart
snapshot
Comment:
Here is some thoughts on the 15m
snapshot
Comment:
Pair in consolidation
snapshot
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