FX:GBPJPY   British Pound / Japanese Yen
181 4 7
gbpjpy             has formed a shark pattern with d a few pips under fridays close. we can look to long all the way to a 61.8
Comment: wait for some added confirmation to go long. some dojis, some rejections. overall indescition
I believe trading the advance pattern like this stop must be go beyond x point
DAVID_GIRALDO madi052893trading
it does. usually an extension. i was just i was putting them for the pinbar on the 1hr that i posted. but we can expect some good reactions on price action at this level. you can choose what type of entry and sl you use i was just making a post i can go back and look on later
DAVID_GIRALDO madi052893trading
there wasnt much more room to go lower as you can see prices bounced off after the next candle after we talked and that was the reason my sl was so tight. i knew prices had to react either at that level or one a bit lower but prices werent going much further than that. plus gj has a high pip value. you must always try and keep a tight sl with this pair as when it goes against you, it can get ugly
gap, 1hr pinbar. markets are going to close gap and possibly more...
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