GBPUSD trade taken 12th Oct

The pound is falling faster than the USD..that amazes me..lol
It’s like the amazing race to zero for currencies. =p
Anyway, think GBPUSD has a long way more to fall.
Check this post I made some weeks back, bearishness on the charts since 2 weeks back.

Here’s the trade I took, explainations on the chart.

GBPUSD flat top triangle break

Sorry I haven’t posted in a few days, been busy as well as sick. In fact, I’m still feeling somewhat under the weather. I hope it’s not H1N1!

Basically I’m seeing a flat top triangle, it broke above 1.6630 resistance
General trend is largely up, though it’s been kind of range-ish lately.
I’m waiting for a consolidation or a pullback on the 15min before making my entry.
Note the importance of the 1.6655 level. See the chart for further explaination.
On the 15min charts, there are 2 long tailed dojis, one inside the other, done against a know level of support/resistance. Rather bearish signal ya?
So alternatively, if this breakout fails, there’s a supporting trendline which I’ll be observing.
There’s a doji forming on the 1hr. 
You can see it on the chart attached.

EURUSD small symmetrical triangle spotted 8th Sept!

Spotted a small triangle on the EURUSD.
Formed since yesterday 7th Sept, with a max range of 40pips from the highest to lowest point of the triangle.
It could be part of a breakout - consolidation/pullback - continuation move.
I will be watching whichever way it goes, ideally since I’m short on the GBPJPY, I’d like to go long on the EURUSD.

Explainations on the charts.

GBPJPY

A little triangle which formed this morning, clearer on the 5min charts.

Explainations on the chart.

I missed this long entry 1-2-3 because I was trying to include the picture for the last post..=.=

My first blog, so I’m still pretty lost and overwhelmed by trying to tie everything together.

Anyway price is already up at the 50% retracement level.