Clocking the Cross

Good Afternoon Dynamic Traders!

Tugging the GBPJPY off the watch list today has been a worthwhile exercise.

Below is the daily chart for this cross (x refer blog 12 May)

Following the previous note, price obligingly cascaded a colossal 400 pips before regaining trend strength!

Note the assorted chart patterns on display, arguably fighting for attention.

Given the short term trend is upwards and our mentors' attitude towards the trend, Dynamic Traders will pay careful attention to the cluster at the value index; a likely target should this drift triumph beyond the resistance belt.

Note the successive, well positioned target on the horizon!

The alternative position, should this rally founder, is a retreat to the trend support, reinforcing movement towards the tip of the triangle prior to the final flash!

Discerning use of ESLT and filters is advised.



GBPJPY daily chart Advanced Get

Forward Trading!