ard3413

GBPJPY, triangle or not?

ard3413 已更新   
FX:GBPJPY   英鎊 / 日圓
both scenarios have profitable trade setups.
wait to see which one is going to play..
I'm in long from about 156.740 ( check related ideas), as soon as I find out that its going for triangle, I'll take profit and look for short setup , and if I was wrong and it breaks to upside, I will wait for correction for another long setup.
評論:
this possibility exists for the pattern to be a double combination corrective pattern ending with triangle. I'm waiting to see which structure is it going to form, because now there are some possible moves to both directions and entering a trade is risky at this point.
評論:
I'm watching this pair very closely. It seems that triple zigzag corrective structure is about to end, if its true and we figure out that its triple ZZ we will have a nice sell trade. but for long setup, i have no idea as yet and after a break out to upside and correction i will decide to buy or not.
評論:
it seems that this double zigzag correction has been ended and there will be a wave to downside
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