exploration
Short

GBPJPY Rising Wedge Sell Setup 2.15 pip move

FX:GBPJPY   British Pound / Japanese Yen
318 7 0
GBPJPY             Rising Wedge Sell 2.15 pip move
Setup : Place trade only if price action breaks out of the bottom of the rising wedge at 152.30 area

Calculation of rising wedge high 152.623 minus low 150.471 = 2.15 pip move down to area 150.14
152.291 break out area minus 2.15 = 150.14 area

These are the videos i learned on how to trade forex
This is a video on how to place stop out and limits on trading wedges
http://www.informedtrades.com/3355-falling-rising-wedge-trading-strategies.html

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Chart closed... price action has stoped me out of this trade. 25 pips profit only
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GBP/JPY A chart i am watch on price movement
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GBP/JPY Price action hit S1 151.75 from the pivot of 152.20 + 45 pip
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I reopened the chart for more move down for next week
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I closed this chart with +25 pips profit ...price action was slow to move plus its Friday end of the trading week
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GBPJPY Rising Wedge Breakout in progress
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GBPJPY This is a chart i am looking at "To sell at the 100 EMA on this Chart estimation"
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