GBPJPY- WATCHING FOR TRENDLINE BREAK

已更新

Looking at the daily sideways channel and on the one hour watching this trendline. If we break this I will wait for the pullback and will once again begin to buy this market back to the future high price of 162. This line is worthy of a look because if we break this we will head to 174 area. same trade that we took earlier last month only I believe this could go further if we get above 162. Let's see what it does.

Entry: Waiting on the market to break and close above the counter trendline bullish in the buy zone... Measure ten pips below the low (154.35) Reward is ALWAYS 3 times the risk and therefore the target would be 157.02 How can you screw this trade up? You can get in now and then blame it on me... That doesn't help anyone. WAIT FOR THE BREAK!!!

註釋

Hitting trendline. You might want to review this during Asia. If you are on it, you are high risk... let it break and then go. Thanks!

註釋

Breaking... let's close above it.

註釋

I have not entered this yet... the pullback is strong and the bear momentum is too heavy. We need bull candle outside of this formation. Will let you know when I am on!

註釋

Order is being canceled for now. This is really really heavy bear momentum.