Get started
DrSwing_Forex

GBPJPY (1Hour chart): 4 Good reasons to sell!!!

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
DrSwing_Forex  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Lines Support and Resistance Candlestick Analysis
5
2
trendline supportandresistance candlestick
3 Good reasons to sell GBPJPY

Gooday Traders
I'm anticipating a sell if:
  • The upward trendline gets intersected
  • Price retests the broken upward trendline
  • Price retests the downward trendline
  • A bearish reversal candlestick at the two trendlines to confirm entry

Risk: 35 pips( to avoid premature stop loss)❌
Reward: 256 pips🤑
Risk/Reward Ratio: 7✔

👍Please like if you agree with the idea and comment to share your thoughts.👍
🧐Please follow for more quality ideas🧐

DR.Swing_Forex
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.