GBPJPY Buy Opportunity

29. Dez. 2016

Great Buy opportunity here, IF price action breaks out of the descending wedge. This confirms the initiation of a correction wave. Take profits and move stop loss up, leading to 61.8%. Confluence with diverging indicators, trade volume, patterns, key fib. levels, and E wave analysis. Wedge breakouts usually have volatile reversals and FOMC is coming up tomorrow. good luck may the force be with us!

29. Dez. 2016

Trade ist aktiv

30. Dez. 2016

Trade geschlossen: Ziel wurde erreicht

First target reached. The fib. levels are a bit different because of the hook after the breakout, so 38.2% has just been reached. Am going to wait for a pull back to take advantage of the next wave up, next week.