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nick.harrington

GBPUSD - Long (My Perfect Scenario)

Long
British Pound / Japanese Yen (FX:GBPJPY)  
nick.harrington  
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY Parallel Channel Wedge breakout goodtimes
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gbpjpy parallelchannel wedgepattern breakout goodtimes
TWO PATTERNS FORMED: 15 Minute Chart

1. Wedge Formation

2 Channel Formation

Plan 1: Trade the break of the wedge (either long or short)

Plan 2: Trade the bottom bounce of the channel (more aggressive entry) but with a small stop loss incase it turns into a break and then I need to get in to the other side the trade.

Ideally it keeps in the channel and cruises up towards some juicy profit
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