lawlee9

GBPJPY - Long with break out of channel

Long
lawlee9 Updated   
FX:GBPJPY   British Pound / Japanese Yen
2nd attempt at this long. This time i'm getting in at the 148.743 with a retest of the channel. Same levels still in play. Looking for the move to the 23.6% and then the retrace to the bottom of the symmetrical triangle for a breakout higher. This bull move today signifies the bulls presence.
Comment:
Fake break out of channel (on the weekly, price respected the channel top). Looking for break below rising trendline, to bring this back down. Once we touch the bottom, look for the move up higher.

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