The pound is suffering all over the place as you now so that s why I am extra double cautious with this one! Don't just jump in if you re not allready short but wait for it to break to the downside. IF it breaks to the upside (that s what they do sometimes) I don t favour buying the pair but advice to wait at the sideline
I am bullish on the EURJPY and allready in. This might be an opportunity since this one looks like it s forming a bullish flag on the 1 hr chart here. Use your own strategy and don't just follow an idea. Happy trading!
look on the chart for more info
So far this has been a nice ride. I am only buying the dips since the main trend is long.
Possible triangle breakout.. maybe next candle ** Iam rookie forex trader... still lots too learn just wanted to share... please use your own tools to verify **
Looks like a broken triangle on the 4h chart. Taking in mind recent fundamentels (weak reports from UK) we might see a good long opportunity here. I'll wait for the next candle for conformation.
Newbe in Forex wonderland. Enjoying my new life but please don't take this all too serious! Just made my first chart for publishing just to find out how things work... Well... and maybe... in a couple of months I look back at this and think... would have been worth putting some money on it :-)