GBPJPY - Short - Head and shoulder
Price has clearly been forming a head and shoulder pattern and also it is inline with the HTF structure.
Entry was after a bear flag was formed following 6-8hr candle.
Its correlative pair GBPUSD is also inline with short setup (refer to my GBPUSD setup)
Overall the R:R also fits my trade set-up.
Entry was after a bear flag was formed following 6-8hr candle.
Its correlative pair GBPUSD is also inline with short setup (refer to my GBPUSD setup)
Overall the R:R also fits my trade set-up.
Trade closed manually
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.