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PioTheFx

GBP/JPY ON A BULLISH TRENDLINE

British Pound / Japanese Yen (FX:GBPJPY)  
PioTheFx Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Lines Candlestick Analysis Multiple Time Frame Analysis
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trendline candlestick mtfa
snapshot

Significant moves are at bay depending on how price reacts to the trendline. Watch closely.
Comment:
Comment:
snapshot

Watch out for signs of a breakout or continuation in lower t.f especially the 4 hr, 2 hr and 1 hr.
Comment:
snapshot

The triangle support were breached but price has find a new support as highlighted. If this is breached it will be my sell entry.
Trade active:
Comment:
Position is active. If my stop loss is taken out I will wait for the retracement toward the support just were price is currently at for bullish entry.
Trade closed: stop reached:
snapshot

I have been taken out of my position
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