Get started
Harrison556

GBP/JPY POTENTIAL LONG (BUY)

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Harrison556  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns
1
0
trendanalysis chartpattern
Here we have a rectangle consolidation formed at the bottom of a downtrend, whilst this normally indicates a further push down I feel that bears are running out and the bull's are coming into the market.
I will now be waiting for a H1 close above this line for confirmation before entering.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.