DANIELDOTS

Rocketship - GBPJPY Hits target from previous article 700+ pips

OANDA:GBPJPY   British Pound / Japanese Yen
On the 11thFebruary I posted a very brief, straight to the point setup on GJ focusing on four main indicators that provided a clear signal bullish momentum, focusing on the basics the article was geared to readers proficient in technical analysis .

The indicators were -
  • Potential 1:1 Correction
    ABCD Fibbonacci
    Strong Hammer rejection from the 50% Fib
    Third Trenline Bounce

Now there was a false breakout to the downside, GBPJPY LOVES a false breakout which those familiar with GBPJPY would of be antipating this with fingers hovering over the BUY button. Really happy of the accuracy of my target. Bulls may not be finished with GBPJPY but im out :D 700 PIPs banked.

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