lobfxempire

The Beast Is Consolidating...

Long
FX:GBPJPY   Livre sterling / Yen japonais
A Symmetrical Triangle Pattern has formed on the 1HR Time-frame. It usually indicates solid consolidation until a breakout occurs towards the top or bottom. This particularly sentiment is bullish , so I identified a few key levels with the last price point aiming towards @140.10. I set a Buystop Entry right above Trend Line 1. I predict Intra-week activity that could fulfill all 3 targets.

My 1st Target: 138.925

My 2nd Target: 139.400

My 3rd Target: 140.100

If you found this helpful, please feel free to like or comment below!
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.