GBP/JPY Ascending Triangle Breakout
Good Morning,
Spotted an ascending triangle via GBP/JPY, lower trend line is heavily respected. Waiting for another retest of the higher trend line (illustrated above). Should price retest, look for an opportunity to go short. 147.950 has been a historic resistance since November, expecting it to do so again. Look for confirmation to enter, I also advise you to facilitate this trade on a lower time frame for a better entry. Please execute with your own due diligence.
Thanks,
Trade Wisely
Spotted an ascending triangle via GBP/JPY, lower trend line is heavily respected. Waiting for another retest of the higher trend line (illustrated above). Should price retest, look for an opportunity to go short. 147.950 has been a historic resistance since November, expecting it to do so again. Look for confirmation to enter, I also advise you to facilitate this trade on a lower time frame for a better entry. Please execute with your own due diligence.
Thanks,
Trade Wisely
Comment:
Wait for price to break trend line.
Trade active:
TP 1 reached
Trade closed: target reached:
TP 2 Reached
Trade closed: target reached:
TP 3 reached