GBPJPY D1- Continue Rectangle or Bullish Dragon Pattern?

25 thg 12, 2018

GBPJPY D1- Continue Rectangle or Bullish Dragon Pattern?
Currency Pair: GBP.JPY
Time Frame: Daily
Predicted Direction: Neutral

- Price bounced several times within PCZ

Entry:

• I will open Sell if the price will make breakdown of @138.74 (SL = @141.41, TP = @130.59)
  
• I will open Buy if the price will make breakout of @141.41 (SL = @138.74, TP = @148.73)
  

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The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.