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Fiiyat
Apr 26, 2015 3:27 PM

***GBPJPY SHORT SET UP*** 26 APR T.178.50 Short

British Pound/Japanese YenFXCM

Description

1. Potential rising wedge pattern
2. Trend Line confluence
3. Resistance @ 181.00 handle
4. RSI bearish divergence.

R
Comments
ElPatron.Y
I'm shorting also, but my target is 175 area.
ElPatron.Y
And maybe even lower, before rising up again.
Fiiyat
@LighthouseKeeper Thank you for your contribution. A very good one at that! I may add more lots to my trade on the back of your analysis! Beautiful WW by the way :).
Regards
R
ElPatron.Y
Thanks for the kind words, just keep your risk managed :)..
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