GBP/JPY: ANALYSIS

11 sept. 2016You can see that the consolidation shows we are in a bullish behaviour however the descending wedge formation portrays that GBP/JPY has the potential to pattern out and perform a bearish move in order to keep supply and demand flowing. The bearish flag pattern has been identified as this correlates with the potential channel. I believe that the trend will create corrective waves towards structure levels as the potential target point is in line with the lower lows in which could be a signal to go long.

16 sept. 2016

Trade fermée: cible de profit atteinte

Congrats to the people who shorted this trade. Happy trading :D