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COSMAS_MOSES
Oct 28, 2018 11:15 AM

GBPJPY | PRICE MIGHT CHANGE IT TREND . 

British Pound/Japanese YenFXCM

Description

Price break rectangle pattern at 146.764 and since then price drop to 143.000 . After this long drop price might change it trend or might keep continue it trend .

Price might change it trend ;
Based on 4 hour chart analysis there is Bullish Pin Bar at major key level . This might indicate price might retest area at 143.029 (looking for double bottom at 1H) . If price retest and rally above 144.092 then ready to go LONG .


Price might continue it trend ;
If price fail to rally above 143.029 and drop below area of concern then looking for Short . Once price drop and closed below 142.425 wait for the price to pullback to go Short .

Disclaimer ;
Please don't follow my idea trading without any proper plan and if do please consider the risk of losing money .
Comments
Sapphira
Great chart. Thanks for posting.
COSMAS_MOSES
@Sapphira, Hi thank you . Glad you like it
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