GBPJPY – why Tflow® boxes show it all clearly and visibly
I talked about GBPJPY first in tweets. Remember to follow me in tweet www.twitter.com/terraseeds
— TerraSeeds FX Tflow® (@terraseeds) November 13, 2013
Why was I bullish?
First if you look at what the boxes is showing, there is no sign of bearishness
Key to GBPJPY chart lies in support seen; you can easily see these supports from boxes. Use boxes to help you analyse chart systematically
What boxes say
There are 2 ways:
1. Wait for a D1 close above resistance trend line but stop loss has to be widen
2. Wait for bullish expansion in h1 to confirm and trade on retracement back to support
Immediate resistance resides 1.6100. A D1 close above 1.6000 is important for 1.6100 to show.