cheesetoast
Long

GBPJPY buy opportunity

FX:GBPJPY   British Pound / Japanese Yen
Hi All,

I've still been trading the long term chart on traditional markets while the crypto-currencies are doing a whole lot of nothing!

On the GBPJPY , we can see a inverted head and shoulders pattern forming on the DAILY chart .

Not that I follow the fundamental news, but any BREXIT news could act as the catalyst that triggers the pattern with a breakout. I won't be rushing into this trade and will be waiting for a close above the wick highs above the neckline.

Position size accordingly and trade small. Profit target shown.

Please give this trade idea a THUMBS UP and I will keep you updated!

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.


Order cancelled: No trade
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