Ascending Channel on GBP/JPY @ D1

FX:GBPJPY   British Pound / Japanese Yen
The ascending channel pattern on D1 chart of GBP/JPY             shows a potential for a bearish breakout. The pattern's borders are shown with the yellow lines. My potential entry level is shown with the cyan line. My potential target level is the green line. Stop-loss will be set to the high of the breakout bar (not shown on the chart).

More information, tools, a chart template, and a free EA             to trade this pattern in automatic mode on
Trade active: Entered at 185.710 with SL = 186.993 and TP = 182.510.
Trade closed: target reached: Take-profit (183.955) triggered today at 13:11 UTC.
You can find a lot of detail about my trading ideas in my blog - You will also find useful tools to find, build, and trade similar patterns - all completely free.

Your chart looks nice. I saw a similar structure with the same bearish look, but didn't see the channel. Check it out if you want!
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