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mrsaetervik

I think we might see a 300pip move soon

Long
British Pound / Japanese Yen (OANDA:GBPJPY)  
mrsaetervik Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Support and Resistance Rectangle Trend Lines GBP jpy GBPJPY gbpjpylong
7
2
supportandresistance rectangle trendline gbp jpy gbpjpy gbpjpylong
The Sterling crushed the Yen last week with it's inflation news and a hint about an upcoming rate hike, If this consolidation sees a bullish breakout I think we can break 152.000.
And if 152.000 breaks I think we will see 154.000 in near future
Trade active:
4H candle closed above rectangle, I am now in the trade
Comment:
we are well on our way now, 146pips as we speak from the 4H breakout
Trade closed: stop reached:
Moved my stop to break even and got stopped out. Maybe I was too confident on the TP... Now we can either see a new push up from trendline or a retrace.
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