tonz_of_gunz
Long

GBPJPY ASCENDING TRANGLE ON H1

FX:GBPJPY   British Pound/Japanese Yen
Waiting for breakout from an ascending triangle pattern to go long on this pair with 133.50 and 134 as my targets.
Comment: First target hit, the move up looks strong, still think we gonna go higher.
snapshot
Comment: Possible continuation for this pair
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Where would you put your stop loss?
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tonz_of_gunz Anthony12
I would say 131.40 is the safest approach.
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Anthony12 tonz_of_gunz
Ok thank you :)
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btw,, I am curious,, how do you know this ascending triangle want to go up, sir?O.o/ sometimes,, when triangle formed,, it continuation pattern
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I think the first option is more correct
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tonz_of_gunz supperman
Thats why i put the yellow box, we go beyond that then we go to 134 :). Anyone should expect correction, if you trade bigger tf you dont care about it.
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snapshot

i could be wrong but fingers crossed
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