RodrigoPitta

GBP/JPY - Descending Triangle

Short
OANDA:GBPJPY   British Pound / Japanese Yen
GBP / JPY is very close to where a fall may occur. The pair is currently in a descending triangle pattern. The buying force was amortized by the downtrend line. With the arrival of the bears with the selling force, a low candle was formed. We expect the bear kick to be strong enough to send the pair close to the support level .

- Price touched a few times validating the bearish trendline
- RSI falling H4. Line descending on D1
- Rejection on trend line with low candle

I love such entries because risk-reward is good.

GOOD LUCK and take entry according to your balance.

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