GBP/JPY BREAKS OUT OF ASCENDING TRIANGLE. RETESTS RESISTANCE AS SUPPORT

in forex •  7 years ago 

GOOD AFTERNOON STEEMIT!

THANK GOD IT'S FRIDAY! I've got some moving stuff to get through this weekend in between two days of family Christmas celebrations (lol, it's December 2 and 3 guys, come on...), so probably won't be blogging until Monday. Keep Steemit warm for me while I'm gone guys!

But to end the week, I couldn't resist heading back to the forex charts and sharing a day trade off one of the juicy GBP/JPY support/resistance zones that I have been following. I get asked if I still trade forex a lot on Twitter and the answer of course is a big fat yes.

Take a look at a daily chart of the beast below:

GBP/JPY Daily

Click the link in the paragraph above to one of my older GBP/JPY blogs that show how long the zone has been in play.

I just love these sorts of daily levels. This one being retested as support has added weight because of the bullish trend. I was looking at it as the top of an ascending triangle before as well, just adding further confluence.

Short term forex trading is my bread and butter. I've been completely consumed by the cryptocurrency investment space lately, but the in and out style of day trading that I use on forex keeps my risk low and allows me to make a consistent income.

I hope you are still making money and if you have any questions or comments, don't be shy to say hello.

Have a great weekend!

Peace.




Please leave a comment with your ideas or just share a chart.

Blogging about markets is all about sharing ideas and making us see all possible angles. I look forward to having you follow along and reading what you throw at me.

Twitter: @forexbrokr
Instagram: @forexbrokr
Website: www.forexbrokr.com

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Good afternoon bro