Short GBPJPY
The weekly charts shows a downward trend, we are looking for bearish entry points.
Bearish Fractal signal.
Bearish EMA 50 Cross.
We have a strong bearish engulfing candle and a confirmation candle.
This is the second the resistance line was hit, I believe that the price may drop back to support and might breaktrough.
Stop loss at 2ATR
Not a great risk/reward ratio therefore not recommended trade.
Bearish Fractal signal.
Bearish EMA 50 Cross.
We have a strong bearish engulfing candle and a confirmation candle.
This is the second the resistance line was hit, I believe that the price may drop back to support and might breaktrough.
Stop loss at 2ATR
Not a great risk/reward ratio therefore not recommended trade.
Trade closed: target reached
The price has reached target - Risky but winning trade !!!!!!
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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.
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.