TradingView
Saoldric
Nov 27, 2014 9:04 AM

GBPJPY upwards channel and triangle  Long

British Pound/Japanese YenFXCM

Description

Bullish: trending up(strongly and good fundies for it), this type of triangle usually breaks to the upside, bottom of the range of a upwards channel.

Bearish: Daily MACD looks to be rolling over so a push down to correct the current bullish state might happen soon.

all in all, this trade has a good R:R... if i get stopped out and the trade continues in anticipated direction i may re-enter.
More