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happier
Jun 11, 2016 3:36 PM

GBPJPY long setup Long

British Pound/Japanese YenFXCM

Description

GBPJPY long setup

Trade closed: stop reached

Comments
ForexFitness
as much as I would like to see price go up, it sure looks very bearish. I mean RSI at 16, isnt too bullish, in a trending market RSI is almost useless. What indication is there for a reversal? maybe from your chart it looks like it could be considered a triple button and maybe we can get some support in here. WHen it goes up though it will likely be fast and hard
happier
first of all there is no triple bottom. bottom would be short term to say triple. I never use alone rsi to decide.I use it only bottom and top when I see positive or negative divergence like this chart. second think there is long term support 151.700-151.900 channel.
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