I talked about GBPJPY first in tweets. Remember to follow me in tweet www.twitter.com/terraseeds
Not only looking at $usdjpy but also $gbpjpy. H4 boxes stacking up. Ihs d1 showing continuation to head up if there is a d1 break above R
— 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
D1 boxes stacking up, bullish expansion seen
Key to GBPJPY chart lies in support seen; you can easily see these supports from boxes. Use boxes to help you analyse chart systematically
GBPJPY showing higher support level; suggests bulls are getting stronger
What boxes say
Bullish expansion; possible Big Move setup
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.
