Forex Trading Signal Alert #1 For GBPJPY
April 29, 2010 by Kelvin
Filed under Forex Signals
When I am looking at the GBPJPY hourly chart today, I have observed the formation of a Gartley pattern.
From the formation, there is a SELL opportunity coming.
I will be taking a SELL trade at 144.123 with a stop loss placed at 144.400. As for the target, I will be taking profit at 143.338. This trade is further enhance as there is a strong resistance level at 144.180 on the 4 hour chart.
This trade will be invalidated if the price stopped you out or fail to enter between 143.931 and 144.123.
Do not rush into a trade as this setup may not unfold in the way that we want. You have to wait for the price to hit our target entry before entering any trade.
Gartley Pattern
Other Related Posts:
