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RaynLim

GBPJPY - Sideway Consolidation

British Pound / Japanese Yen (FX:GBPJPY)  
RaynLim  
FX:GBPJPY   British Pound / Japanese Yen
Candlestick Analysis Trend Lines Trend Analysis askforex100 GBPJPY sidewayconsolidation Candlestick analysis Trend Line Break
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candlestick trendline trendanalysis askforex100 gbpjpy sidewayconsolidation candlestickanalysis trendlinebreak
Sideway Consolidation is one of my favourite trading setups and it is easy to execute. You just need to wait for the candle break and close above or below the trendline and engage on the next candle. First Target would be the previous high or previous low from the starting point of the trendline.

I will use Target Extension to get my Target2 projection.
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