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Yassine
16 giu 2016 23:09

GBPJPY Buy the breakout. Long

British Pound/Japanese YenFXCM

Descrizione

GBPJPY is done going down according to the monthly and the daily charts.

On the monthly TF, we reached a resistance area



and on the daily TF, we reached the low of the broadening wedge



All this tells us we should be looking to go long on the pair, so we look to the 4hour TF and find an entry point: the breakout of the descending wedge.

Always trade safe.
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