Possible BULLISH pennant formation for GBP/JPY
Updated
I personally think that the price will be range-bound for GBP/JPY along this bullish pennant until Brexit negotiations are over in this month of October and I expect BOJ to still have dovish stance for interest rates.
I am looking for another drop onto the lower trendline for a long entry into the potential breakout.
I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA.
DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA.
I am looking for another drop onto the lower trendline for a long entry into the potential breakout.
I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA.
DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I am a complete amateur for TA.
Trade active
Added longs on the recent drop of the bottom trendline with another fake breakout. Going to be holding my position until next Wednesday on brexit talks.Trade closed: stop reached
SL hit, looking for rebound onto channel for a long until then I wont be touching this pairing.Comment
Trade is invalidated.
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