Long-term trade on GBP/JPY - TEXTBOOK EXAMPLE
Hello traders,
in my trading I also watch some currency pairs and a very nice opportunity came up on
GBPJPY
.
In March we could see a rejection at a very strong support and since then a 1-2-3 pattern developed on the weekly chart. This is actually a textbook example of this pattern. Take a look :-)
1-2-3
- at a strong support
- edge of the value area
- false breakout and rejection of lower prices
Also we have enough space to put the profit target at the Point of control which is an area likely to be tested.
Are you in this trade with me? ;-)
Good trading!
John
FINEIGHT Team
in my trading I also watch some currency pairs and a very nice opportunity came up on
GBPJPY
. In March we could see a rejection at a very strong support and since then a 1-2-3 pattern developed on the weekly chart. This is actually a textbook example of this pattern. Take a look :-)
1-2-3
- at a strong support
- edge of the value area
- false breakout and rejection of lower prices
Also we have enough space to put the profit target at the Point of control which is an area likely to be tested.
Are you in this trade with me? ;-)
Good trading!
John
FINEIGHT Team