GBPJPY: Heres to all the short term traders!
Hey gang! Genesis here!
Found an Ascending Triangle on the Daily chart for the GBPJPY pair and if you look here closely on the 4H chart, price is hitting the trendline soon! One thing I really love about trading the insides of a pattern, is because they the entry and exits are so predictable!
What influenced my decision:
-Stochastics Divergence (oh, this is a strong one)
-Trendline support (Ascending triangle)
-Weakening price (look at it, price has been declining so fast and recently in about the last 6-7 bars, its been small tiny bars)
Exit at the major resistance at the top!
Good luck guys! May the pips be with you!
Found an Ascending Triangle on the Daily chart for the GBPJPY pair and if you look here closely on the 4H chart, price is hitting the trendline soon! One thing I really love about trading the insides of a pattern, is because they the entry and exits are so predictable!
What influenced my decision:
-Stochastics Divergence (oh, this is a strong one)
-Trendline support (Ascending triangle)
-Weakening price (look at it, price has been declining so fast and recently in about the last 6-7 bars, its been small tiny bars)
Exit at the major resistance at the top!
Good luck guys! May the pips be with you!