Fxprotrader
Long

GBPJPY: Breakout Of Correction Opens Doors For Longs

FX:GBPJPY   British Pound/Japanese Yen
1247 16 45
3 months ago
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 :)
3 months ago
Trade active:
snapshot
3 months ago
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.
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KhunHunSein
3 months ago
thank
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Fxprotrader PRO KhunHunSein
3 months ago
You are welcome :)
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piptamil
3 months ago
Thank you for the chart....
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Fxprotrader PRO piptamil
3 months ago
No problem piptamil ;)
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fxfxfx
3 months ago
We are there.. waiting for an entry signal
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veritasfx
3 months ago
Great! today it reached the buy point.
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famousgod
3 months ago
i don't agree the down trend is still very much active! so goodluck
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Fxprotrader PRO famousgod
3 months ago
No problem famousgod ;) Thank you for leaving your comment ;) If possible can you share your analysis in this pair..?
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AlbCM
3 months ago
it should go well above 143 till mid-October
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Khairambo
3 months ago
Nice!
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Fxprotrader PRO Khairambo
3 months ago
Thank you ;)
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Najib13th
3 months ago
is it possible gj will buy until 141 sir?
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fxfxfx
3 months ago
BETTER safe than sorry :) I am waiting for this pair to breakout 132.250 to go LONG
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Fxprotrader PRO fxfxfx
3 months ago
This is how accounts grow.. Not sure? Let it go, be confident? Go for it :)
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ZEMLOBEAR
3 months ago
Thank you for the great analysis, I'm getting sore eyes looking at the screen :) wishing everybody success
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Fxprotrader PRO ZEMLOBEAR
3 months ago
Thank you mate :) This setup is no longer active, i closed it manually with a small profit ~ 80pips..
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