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madsroland

Divergence and trendline indicating upside

Long
British Pound / Japanese Yen (FX:GBPJPY)  
madsroland Updated   
FX:GBPJPY   British Pound / Japanese Yen
Wave Analysis Elliott Wave patterns wavetheory uptrend LONG
9
2
waveanalysis elliottwaves patterns wavetheory uptrend long
In the GBPJPY we are very close to the trendline, and divergence in the MacD is also indicating an up move, shortly. I will start looking for a good entry at this point.
Trade active:
I'm am now in the trade and have set the target to 147.500. SL is set to just below 141.000

snapshot

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madsroland
Nice long term trade
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