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British Pound / Japanese Yen
Short
Updated

Reversal GBPJPY SHORT

56
Possible head and shoulders playing out right now. Price is in an uptrend but I do see cause for some pips on a short term reversal. Target is the nearest zone of support(last candle stick up before a downward/upward move). As always, Risk to reward is 1:2.
Trade closed: target reached
Perfect setup!
dramadon
Also on:
Chart PatternsHead and ShouldersSupport and Resistance

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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.
Chart PatternsHead and ShouldersSupport and Resistance
dramadon
Also on:

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.