Falling wedge on GBPJPY Weekly TF.
With Boris forcing Brexit through - dragging the GBP down
And with Trumps impeachment - Also dragging USD down But taking the JPY up
May see a huge drop here.
This will be a swing trade where you could be holding this trade anywhere from 2 weeks to 8 weeks
Ideal entry is around 143.143.700
Large SL in...
We have a monthly reversal, November was a downtrend with -138 pips.
We also see a double bottom/W formation AT THE P LINE
We have the reversal taking off FROM THE P LINE
On the Daily chart, we have a Bullish Pinbar
On the 4 hour chart presenting us with an engufing candle stick pattern