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British Pound / Japanese Yen
Short

GBPJPY, Daily tf, potential HnS pattern

266

Price might now complete the right shoulders exactly at 61.8 fibonacci level.

I am going to try selling GBPJPY as i think we have one more wave to the downside.

My target will be at the trendline supporting GBPJPY since 20 March 2020.

Sell GBPJPY 153.00
Stop loss 153.90
Take profit 147.90 (5.6R)

Use only 1-2% risk
Good luck
HayatoDragonFX
elliottwaveprojectionGBPJPYgbpjpyanalysisgbpjpysellgbpjpyshortHead and ShoulderspriceactionpriceactiontradingSupport and ResistanceTrend Lines

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
elliottwaveprojectionGBPJPYgbpjpyanalysisgbpjpysellgbpjpyshortHead and ShoulderspriceactionpriceactiontradingSupport and ResistanceTrend Lines
HayatoDragonFX

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.