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GBPJPY upwards channel and triangle
British Pound / Japanese Yen
Long
GBPJPY upwards channel and triangle
By Saoldric
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Nov 27, 2014
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Bullish: trending up(strongly and good fundies for it), this type of triangle usually breaks to the upside, bottom of the range of a upwards channel.
Bearish: Daily MACD looks to be rolling over so a push down to correct the current bullish state might happen soon.
all in all, this trade has a good R:R... if i get stopped out and the trade continues in anticipated direction i may re-enter.
Saoldric
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GBPJPY channel and triangle
by Saoldric
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