Fxprotrader
Long

GBPJPY: Breakout Of Correction Opens Doors For Longs

FX:GBPJPY   British Pound / Japanese Yen
1248 16 46
Price broke above a long term downtrend something that makes us think we might have the end of the corrective structure it was moving in. It is now consolidating above the broken level and it might fall and retest that level in addition to the lower parallel of the median line . In RSI we may see a bullish divergence . At that zone we should watch for a buy setup based in our tested strategy.

Take some time and read my post on the importance to trade the markets based on a rules based strategy (links below)..!

Thank you very much for your support :)
Trade active:
Trade closed manually: I am closing this trade with 80 pips profit as price is consolidating and it might head both directions. I was expecting it to rally from the buy zone in a more impulsive fast way something it doesn't seem to have happened. So in order to hope, i personally close my position.
Thank you for the great analysis, I'm getting sore eyes looking at the screen :) wishing everybody success
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Fxprotrader ZEMLOBEAR
Thank you mate :) This setup is no longer active, i closed it manually with a small profit ~ 80pips..
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BETTER safe than sorry :) I am waiting for this pair to breakout 132.250 to go LONG
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This is how accounts grow.. Not sure? Let it go, be confident? Go for it :)
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is it possible gj will buy until 141 sir?
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Nice!
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Fxprotrader Khairambo
Thank you ;)
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it should go well above 143 till mid-October
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i don't agree the down trend is still very much active! so goodluck
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Fxprotrader famousgod
No problem famousgod ;) Thank you for leaving your comment ;) If possible can you share your analysis in this pair..?
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