Trade Idea : Traders may want to enter buy limit hoping GJ making a pullback. SL can be placed a bit below recent lower low or outside bottom trend line of triangle pattern.
Happy trading.
Wednesday, 25 May 2011
GBP/JPY Analysis 2011-05-24
GJ just moves outside upper downtrend channel at 4H TF while already making a few candles breakout at 1H TF. This situation gives us the feeling that bearish may soon expire.
Trade Idea : Traders may want to enter buy limit hoping GJ making a pullback. SL can be placed a bit below recent lower low or outside bottom trend line of triangle pattern.
Happy trading.
Trade Idea : Traders may want to enter buy limit hoping GJ making a pullback. SL can be placed a bit below recent lower low or outside bottom trend line of triangle pattern.
Happy trading.
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