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haroonsiddiki

GBP-JPY| LONG SETUP|POSSIBLE REVERSAL|FALLING WEDGE|ONE HOUR

Long
British Pound / Japanese Yen (FX:GBPJPY)  
haroonsiddiki  
FX:GBPJPY   British Pound / Japanese Yen
Wedge Forex tradingideas tradingsignals reversalpattern wedgebreakout gbpjpylong
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wedgepattern forex tradingideas tradingsignals reversalpattern wedgebreakout gbpjpylong
GBP-JPY is moving in a bearish direction. It appears that there is a formation of Falling Wedge Reversal Pattern as well as presence of the Divergence. In this case, this Forex instrument can take a possible reversal from its current price position. Therefore, a long trade setup is suggested in this chart in case of breakout from the Lower High mentioned in the chart. Risk must be taken up to 2% of the total portfolio.
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