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Giraffe-Trader

Trend Following Strategy Entry

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Giraffe-Trader  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Support and Resistance Candlestick Analysis GBPJPY trendtrading gbpjpylong gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpy_outlook gbpjpyshort gbpjpydaily
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trendanalysis supportandresistance candlestick gbpjpy trendtrading gbpjpylong gbpjpyanalysis gbpjpyprediction gbpjpyforecast gbpjpy_outlook gbpjpyshort gbpjpydaily
GBJPY is currently in a strong uptrend on the 60m timeframe. It has just produced a higher high, higher close candle at the bottom of a descending channel - both of which are bullish signals.

I have entered at the open of the 12:00 candle and will hold until a retest of the previous structure high.

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