FX:GBPJPY   British Pound / Japanese Yen
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GBPJPY broke the triangule that was inside of since Mar of 2012 and So is giving us a Long Trade Opportunity as it suppost to continue going up, as it started a new bullish trend ...

Advise: You always need to be careful.. sometime wait for confirmations... GPBJPY will confirm soon with a reversal pont over the onde descendent trend line ... is expected to continue going up but always be prepared for a false break of this triangule.. the Key is always to control the risks.. specially with FOREX... with so much leverage.. this is a KEY Success factor..

However, I am going it.. controlling the risks... Good Luck with this Long Trade

Comments

It looks like a fasle breakout I think price is building a downward channel on monthly chart ..at the moment price is at the top of the channel and may overshoot and go even more up..just have to wait and see..i am hoping to place a sell when i see if its going down.
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