EliteTrader101
Long

GBPJPY tricks early longs and getting ready to explode

FX:GBPJPY   British Pound / Japanese Yen
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1
I was biased long all day because of the daily Morning star pattern, but I got stopped out with a sharp reversal. Now that I'm stopped out I know that it ready to explode to new highs! Longs were in maximum pain earlier today. You can see on the weekly that it's been accepting higher levels of balance before breaking out each time.

Comments

because it is refusing to fall lower, so it needs to go higher until there are no more buyers! simple as that!

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JURAGAN EliteTrader101
I check on TA, it does still has lots of upward energy.
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take some off at 180
then see how prices react to that level
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Why does it exploding Upward.
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