Possible Long position

FX:GBPJPY   British Pound / Japanese Yen
Hello guys,

This is my second analysis. So don't judge me. It is simply an Idea.

As you can see in the chart, there is a beautiful flag formation . However, it is a crucial moment.
Will the price break and go down and hit the possible flag formation target which is around 179.100 - 179.000 or the Support area will hold and send the price up again?

I honestly don't know.
But I know one thing, there is a good Risk Reward if we take this trade. ( My personal opinion ).

If price don't go below 180.400 it would be good to buy and wait to hit the first target. Second target if breaks the trend line might get there 188.000 - 188.500.

Any suggestions, please.
If you have a different idea or want to debate. go for it.


Have a nice weekend
Comment: I didn't take this trade at 180.400, It was just an Idea to see how my strategy was working.

I think now after a completion of the Flag formation it is a good opportunity to buy.
Comment: ok Didn't work. hit stop loss.

alright cheers .
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out