GBPJPY Intraday Buy Setup Forming

Hi Traders,

I believe the correction of this pair is near its end and this is a nice opportunity that the market is offering to join the bulls. As you know our longer term view is still bullish, so any correction is a way to re-enter long positions.

GBPJPY M15 Chart

What we want to see here is a small correction towards 145.44 and then go long. If you want to make this entry a bit more conservative, wait for double wave correction first of all and the buy the breakout of the down trend line to be formed.

Target 1 – 147.80

Target 2 – 151.20.

Target 3 – 159.70.

Protection below 144.92.

GBPJPY Intraday Buy Setup Forming

Yours,

Vladimir

Like this Article? Share it with your Friends - it only takes one click :-)
Share this Article with just one click :-)
Share this Article :-)
Share:-)
Vladimir's Recommendation for You...

2 Comments

  1. Anonymous May 17, 2017 Reply
  2. Zachary May 17, 2017 Reply

Add Comment

Your email address will not be published.

Copyright © 2017, www.vladimirribakov.com All rights reserved.