tonz_of_gunz
Short

GBPJPY RISING WEDGE ON H1

FX:GBPJPY   British Pound/Japanese Yen
Looking for short trades on this pair after it developed a rising wedge reversal pattern on h1.
Trade closed: stop reached: Initial sell trade didnt work out, a tl break followed by a big wick candle against us is never a good sign but we had some nice buy trades after that. Didnt post because i had personal issues but if you have the patience and a good risk management opportunities will come:)
Comment:
snapshot
if price break that channel it doenst mean market is going downward ,
you need another confirmation ,

watch Anil mangal webinars , your will understand .
Reply
Are you suggesting that now in retrospect that steep channel down was actually a flag and that perhaps was the signal to go long instead?
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@Staxs, Yes indeed they were and traded them both, i still have half position on the table on last bullish flag.I was just saying if it doesnt work one time you just need to wait for next trade :).
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Staxs PRO tonz_of_gunz
@tonz_of_gunz, Sweet, OK< I follow, thanks
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