Resons to long GBPJPY

FX:GBPJPY   British Pound / Japanese Yen
1023 34
Ok, this is my first post so, I hope I'm right on this hahaha
here are the reasons as you can see on the chart:

1) Shark Bullish Pattern
2) Double Bottoms
3) CCI Divergence
4) It's really oversold
5)i It hit the tip of the last of Arnaud Legoux bands

ps: because it 's on a downtrend, it's a risky one!

indicators: Shark pattern, RSI , Woodie's CCI and Arnaud Legoux Moving Average Bands MTF V3

Comment: TP1: 155.85
TP2: 157.30
Trade closed: stop reached: Well, I tried! hahaha
I hope I get the next one right! :D
No PM beautiful
I like how you are combining different methods. Not a fan of harmonics but Woodies is interesting, as is Legoux MA. One thing is that you didn't have a good signal bar.
cinthiamfx thejohn74
fair point well made! :)
I had the exact same set, too bad it fell through, could have been a lot of pips. win some, lose some, live to trade another day. nice set up
cinthiamfx BryanZin
yes, it would have been grea, but yen is killing it!! won't touch yen pairs for a while, till yen calm down! :p
thanks give us hope
lol we will get there eventually! :)
nice try. haha
haahaha with the best intentions
j_amui cinthiamfx
yeah, I am encouraged. Keep it coming. It will get through one of these days. I am also learning. and people like you encourage me
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