gongambol
Short

GBP/JPY beginning of a starling?

FX:GBPJPY   Britisches Pfund / Japanischer Yen
We want to highlight the situation with this change from the chart. From time frame daily there is an interesting Andrews fork , whose upper parallel line of 0.5 to the median line coincides about with a maxium in mid-December, where, as is well-known, the price has undergone a bearish inversion. We underline how RSI is on a level where in the past physiological corrections have occurred, including probably gains from profits. By shaking time on a 4h time horizon ( imagine below ) , we can notice how it is forming a sort of rising wedge . If the price does not reach the area from that we intend to go short, we could always take position confirming the breakout of this figure. As a minimum target a likely return to the 145 (past resistance zone , Fibonacci, median line ).
Trade ist aktiv: We came close to the resistance and there was a sharp breakout of the figure above highlighted. Let's try the short with stop loss above 148,500
Trade geschlossen: Ziel wurde erreicht: Goal achieved. Target reached, we are now looking forward to new developments
First of all, thank you for sharing this wonderful trade setup. Looking forward to see the result. Frankly, I don’t see markets; I see risks, rewards, and money
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gongambol patterntrader
@patterntrader, Mathematics is the exact science , Opinions are an inexact science ... but let'see toghether this trade setup.
Thanks a lot for the beatiful word, we appreciated
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