Kevabatai
Long

Long GBPJPY on daily doubble bottom

FX:GBPJPY   British Pound / Japanese Yen
240 2 1
This setup come from the following indicators.

1. Monthly candle still in uptrend since 2012. and keeping up.
2. Daily candle create double bottom/and following by bullish engulfing . (as indicated by Blue Box)
3. Price action stay above Light-Blue line ( 1/2 line ) on both Gann Fan .

Setup configuration ::
(As point by Purple box)
This number come from an attempt to catch bullish engulfing/and double bottom point by Blue box.

(As point by RED box)
This number come from daily candle that following the bullish engulfing as point by Blue Box
( If price "go below" this level it mean there is not "up trend" anymore. and long positions should be exited)

(As point by Orange Box)
This number come from support/resistance during 2003 - 2006, and again in 2008 - 2009. as well as intersection point of 1/2 of both Gann fan .


Sorry, The chart above is look so messed up... this one is more clean.
Reply
Oop. The Purple Box should say "Long here at 179"
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out