Fxprotrader
Short

GBPJPY Potential Sell Setup About To Complete

FX:GBPJPY   British Pound / Japanese Yen
1563 views
77
1563 9
Price in GBPJPY looks like is breaknig below the triangle pattern it was moving in and it signals for a nice move to the down. Fist we shold wait for the breakout (not reverse) and then we should wait for a corection below the broken level.
If a setup completes i will update this post...

Like and follow for any updates of this post...
Comment: Price has retraced to the broken uptrend trendline where it was rejected. Although we may have another small wave up, with stoploss above previous high we are safe to go short.
Comment: As a profit target we aim for the median line of the pitchfork. If price reaches the upper quartile we move stoploss at breakeven
Comment: This setup is working great with already more than 250 pips in profit. but i believe there is more to come. No greed but i expect price to reach the median line. We might have a correction soon and then another impulsive wave to the down. To be safe you may move stoploss to BE or trail to secure a good amount of profit.
Smart analysis as usual.

I regard you as amongst the top few elite on this website.
Reply
And we are on road ... thanks for you awesome charts !
Reply
You are welcome.. Thank you for your support
Reply
Dguaman Fxprotrader
Keep holding? or trade change :D

=)
Reply
Thank you so so so so much for always giving us nice setups free of cost guidence and help hope God will reward you with something bigger then expected :)))) please keep you all charts update with Entry,TP,Stop loss we are always following you may u have happy and nice trades
Reply
Thank you for your kind words..!
Reply
uzair18 Fxprotrader
What will you suggest about GBYJPy !! I am in according to your entry
Reply
Trade is active, no updates for now..
Reply
Personally I wouldn't combine a support trend line of only the end of the bullish structure with the structure after the high. My rectangles show the two different structures we see at the moment. Nevertheless I'm also looking for consolidation and then sell. Or reversal, let it consolidate and buy.
Good trading to you and have a nice weekend!

Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out