Long GBPJPY on daily doubble bottom

由Kevabatai提供
This setup come from the following indicators.

1. Monthly candle still in uptrend since 2012. and keeping up.
2. Daily candle create double bottom/and following by bullish engulfing. (as indicated by Blue Box)
3. Price action stay above Light-Blue line ( 1/2 line ) on both Gann Fan.

Setup configuration ::
[ LONG @ 179.00 ] (As point by Purple box)
This number come from an attempt to catch bullish engulfing/and double bottom point by Blue box.

[ STOP @ 177.00 ] (As point by RED box)
This number come from daily candle that following the bullish engulfing as point by Blue Box
( If price "go below" this level it mean there is not "up trend" anymore. and long positions should be exited)

[ TARGET 1 @ 200 ] (As point by Orange Box)
This number come from support/resistance during 2003 - 2006, and again in 2008 - 2009. as well as intersection point of 1/2 of both Gann fan.
GBPJPYgjLONG

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