PHNXCPTL

GBPJPY - H1 SHORT SETUP - TMP

Short
FX:GBPJPY   British Pound / Japanese Yen
Entered SHORT on this trade after the strong break of the neckline/trendline of the small Head & Shoulders pattern.

The bias for this trade came from the pullback strategy where GBP is weak on H4 and execution is done on lower TF like H2 or H1.

This trade has a potential reward of 2.34R with TP at the bottom (logical TP area).
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