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nick.harrington
Jan 8, 2015 11:12 PM

GBPUSD - Long (My Perfect Scenario) Long

British Pound/Japanese YenFXCM

Description

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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