Following up on last weeks GBPJPY weekly head and shoulders top idea, this week the GBPJPY or "The Beast" as we call it, is putting in a descending triangle which has me anticipating a bearish breakout. I'm not sure if it will come this week as the pattern has only just became valid, but certainly something that is very high on my radar as this is one of my favorite patterns to trade.
If you have any questions, comments or just want to share you idea, please feel free to do so below.
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.