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RaynLim

Trade Ideas Educator: GBPJPY Pennant

Pembelian
Pound Inggris / Yen Jepang (FX:GBPJPY)  
RaynLim  
FX:GBPJPY   Pound Inggris / Yen Jepang
Pennant Chart Patterns Trend Analysis askforex100 GBPJPY sidewaysconsolidation breakout breakouttrading
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pennant chartpattern trendanalysis askforex100 gbpjpy sidewaysconsolidation breakout breakouttrading
A sideways consolidation or better known as pennant has formed on GBPJPY. A breakout of either side will usually confirm the direction of the market expansion.

An aggressive trader will usually wait for a break and close above or below the pennant to chase the move of the market.

A conservative trader will then wait for the retracement to engage the trade of the confirmed direction, which are you?
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