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PeryCapital
Feb 18, 2017 8:56 PM

GBPJPY triangle 

FX:GBPJPY240
British Pound/Japanese YenFXCM

Description

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GBPJPY is forming symetrical triangle on 4H/Daily After a big drop this week.

Next week we will see breakout up or down and its gonna decide next huge movement.

Keep eyes on that pair guys. Here is chart for information and overview of GBPJPY

Comment

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Wait for confirmation on H1 before you enter... still can go higher!

Comment

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Possible reversal on 50% fibo, wait for 4H confirm, then we can see short and possible making new lows on GBPJPY

Comment

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4H doesnt seems to be closing positively to bearish movement...
Next possible scenario is upper trendline and 61,8% fibo PRZ

Comment

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GJ heading up to upper trendline. then GJ is deciding if bounce or break structure. Keep eyes on it guys

Comment

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GJ is gonna touch upper trendline sooon. Keep eyes on possible short/long on GJ

Comment

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WATCH closely now! upper trendline is going to touch/bounce/break soon. keep eyes

Comment

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BOUNCE HAPPENED, we could see clear sell! still waiting for break to see bigger move

Comment

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Still waiting for major move (break of triangle)

Comment

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GBPJPY is testing upper trendline again
We might see a break soon
GBPJPYshortLONGpoundbuySELLgbpjpyshortgbpjpylonggbpjpy_outlookgbpjpydaily
Comments
Drey
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and also if looked at a weekly timeframe it looks very much like a bull flag
PeryCapital
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@Drey, great setups bro. Good luck this week
Drey
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looking forward to those :)
Drey
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PeryCapital
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@Drey, Great setup bro! Good luck next week. Lets catch those pips! ;)
Drey
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i will look what price does next week there are multiple outcomes that come in to mind
i definetly would like to see a break out and a retrace to the lines
we are getting close to one as the triangle is getting to an end
good trading to you
PeryCapital
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@Drey, I'd love to see move up too... If it breaks, we can see 147 easily
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