Hi guys,
today i want to share a view similar to the GBPJPY one.
As we can see above, price has been clearly in a downtrend lately. Now we are heading toward the former resistance level that could turn into support. So we've created a little blue zone, in which we are going to seek for shorting opportunities in lower timeframes.
The risk to reward i put down in the chart usually correspond to my second target. I always have my first position out in 1:1 risk to reward in cases like this.
I'll let you know if i'm entering the market.
Hope you enjoy.
Good luck!
today i want to share a view similar to the GBPJPY one.
As we can see above, price has been clearly in a downtrend lately. Now we are heading toward the former resistance level that could turn into support. So we've created a little blue zone, in which we are going to seek for shorting opportunities in lower timeframes.
The risk to reward i put down in the chart usually correspond to my second target. I always have my first position out in 1:1 risk to reward in cases like this.
I'll let you know if i'm entering the market.
Hope you enjoy.
Good luck!
Comment:
There's a bat pattern on the 1hr chart completing at 1,2495. I'll use as a trend continuation strategy