Sell opportunity on GBPJPY
Explain the Idea :
- Price test 3 years resistance.
- Price touched the upper BB.
- Clear divergence in RSI.
- Head and shoulders formed .. break below the neck (Green Line) will confirm the down shift.
Risk management / SL & TP
- Pending order of (SELL STOP) right below the green line.
- SL to be placed above the right shoulder.
- 1st TP at 38.2% (black line) and to free risk the trade.
- 2nd TP at 61.8% fibo.
Good Luck
((If you like the Idea kindly click like and I will be happy if you share your opinion in the comments))
- Price test 3 years resistance.
- Price touched the upper BB.
- Clear divergence in RSI.
- Head and shoulders formed .. break below the neck (Green Line) will confirm the down shift.
Risk management / SL & TP
- Pending order of (SELL STOP) right below the green line.
- SL to be placed above the right shoulder.
- 1st TP at 38.2% (black line) and to free risk the trade.
- 2nd TP at 61.8% fibo.
Good Luck
((If you like the Idea kindly click like and I will be happy if you share your opinion in the comments))
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.