alex.ofx
Long

GBPJPY INTRADAY LONG (Textbook triangle formation)

FX:GBPJPY   British Pound / Japanese Yen
92 0 2
Hi Traders,

GBPJPY             looks good for a short term long trade.
Price is consolidation for a few hours now and is forming a textbook triangle formation.
YEN is predicted to be berish this week by analyst with addsto the fundamentals to this trade!

I will look to buy just above the break of the triangle for about 70 pips target and and 20 pip stop loss.
If it breaks below i will not be entering as it is against my bullish bias.

ENTRY: 131.80
TP: 132.56
SL: 131.60

All the best and trade safe guys.
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Trade active: LETS GOO
Trade closed: stop reached: Small loss on this. Closed
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