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Wiseinvest
Nov 27, 2017 2:02 PM

Short GBPJPY Short

British Pound/Japanese YenFXCM

Description

Looks like a solid short to me, price has been accumulating for what looks to be a down trend. I see a descending wedge formation, will update later.

Comment

So here watch on the 1hr/4hr for if the wedge breaks up or down. If it breaks up go long, if it breaks down go short

Trade closed manually

So I messed up here, this was a clear descending triangle but my interpretation was wrong. I missed out on some really good profits because of that.
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