GBPJPY - Renko Trade Idea |
Trading with Renko Charts - Trading journal of technical analysis with Renko charts
Wednesday, 23 July 2014
GBPJPY Long. Trade of the month
I'd put this GBPJPY trade into my 'trade of the month' category. With price breaking out of an ascending triangle and currently retracing the breakout level of 172.788, the upside target is 180.788.
The stops for this long position comes in at 170.288. Mind you, this trade will take months to be cleared, so unless you have patience, do not even think about this trade. Its one of those 'set it and forget it' trade ideas.
Labels:
ascending triangle
,
GBPJPY
,
Long
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