GBP/JPY BULLISH MOVE

9월 21일

Entry: 191.895
Tp: 193.500

We can see GBP/JPY previously created an ascending triangle in price following with support.
Price was successful on its move up creating another triangle we call the symmetrical triangle .

We do not want to go off the pattern alone. Let’s use the lines as support and resistance. If price breaks above the triangle line we can assume price wants to continue up..

Now if price breaks below the triangle we can assume a reversal and consider taking a short to the pervious support.

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