TradingView
lawlee9
Aug 19, 2017 5:18 AM

GBPJPY Consolidation Long

British Pound/Japanese YenFXCM

Description

Looking to get short at 141.40 to setup for a buy at the bottom of the consolidation channel. Potential pitchfork point located at 138.864, which coincides with existing trendlines an the bottom of the consolidation channel and at support. Expecting a break of this to the upside.

Comment

Forgot to remove the note in the chart. That's just a personal reminder for me.

Comment

Move higher than expected, but idea still in tact. 143.780 would be point of turning back and looking for longs.

More