GBP/JPY: SIMPLE ANALYSIS, 2ND POTENTIAL TARGET,

28 Ağu 2016

In this chart you can identify the pullout has been taken into effect. Furthermore, the second target is the trend breaking out towards structure levels, I have also identified that the trend may use a pullback effect in order to maintain the waves channel. This may also be an advantage, considering long set ups. Whereas you can see a reversal after the target has been hit, this is another pullback structure method going down to the trends previous structure.

Opening point: 133.092
Target point: 135.780
Exit point: 131.602

31 Ağu 2016

İşlem kapandı: hedefe ulaştı

target hit waiting for reversal