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anshrathod77

simple Setup!

Short
British Pound / Japanese Yen (FX:GBPJPY)  
anshrathod77  
FX:GBPJPY   British Pound / Japanese Yen
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GBPJPY 1D TF

GBPJPY is in the process of making a head and shoulder pattern,
Thus a nice entry can be taken once a red candle is seen,
A break of trendline is also seen and we can expect a downward move now!
If the re test is successful an entry can be taken
However be aware of the supports at the 149 level!

RR-4.6
Possible Pips-7.1
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