GBPJPY approaching Sell area
Updated
We have a right tip confirmation for King's crown bear signal.
We have created a new low on October 2nd (yellow circle) and price moved up to hit the right tip. Expecting price to fall down now as we are also at the downtrend line area.
Indicators:
1. RSI on daily and 4 hour in strong zell zone.
2. Downtrend line broken and price retesting backside.
Entry @ price range of 137.33 to 137.70
TP 1 @ 133.55
TP 2 @ 130.00
Good luck trading!
Charles V
CVFXmanagement.com
Trading made Simple
We have created a new low on October 2nd (yellow circle) and price moved up to hit the right tip. Expecting price to fall down now as we are also at the downtrend line area.
Indicators:
1. RSI on daily and 4 hour in strong zell zone.
2. Downtrend line broken and price retesting backside.
Entry @ price range of 137.33 to 137.70
TP 1 @ 133.55
TP 2 @ 130.00
Good luck trading!
Charles V
CVFXmanagement.com
Trading made Simple
Note
130 pips profit taken, will reenter on smaller timeframe.
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