Get started
Fx_Trader_ViSa

GBPJPY Trading In Rising Wedge Pattern

British Pound / Japanese Yen (OANDA:GBPJPY)  
Fx_Trader_ViSa Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns GBPJPY gbpjpyanalysis pound dollar euro forexanalysis Forex forexsignals
7
0
trendanalysis harmonicpatterns chartpattern gbpjpy gbpjpyanalysis pound dollar euro forexanalysis forex forexsignals
GBPJPY is trading a rising wedge pattern. It is trading in strong support and resistance zone. One can initiate a long trade near the support line of the rising wedge pattern with proper stop loss and risk management system, but if it breaks out of rising wedge pattern on the downside, we may see further downside towards the support zone.

Note - trade with the proper risk management system

Thanks
Trade closed: target reached:
Daily 50 Pips Target Reached.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.