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RaynLim

GBPJPY - Descending Triangle

Short
British Pound / Japanese Yen (FX:GBPJPY)  
RaynLim  
FX:GBPJPY   British Pound / Japanese Yen
Triangle Trend Lines Support and Resistance askforex100 GBPJPY Descending Triangle breakouttrade Candlestick analysis
3
0
triangle trendline supportandresistance askforex100 gbpjpy descendingtriangle breakouttrade candlestickanalysis
If you are looking for shorting opportunity, this is 1 opportunity you have to keep a close eye on.

Descending Triangle is 1 of my favourite structure trading setup. There are 2 ways to engage it.

1. A touch of the upper trendline without closing above the trendline
2. A break and close below the support line and preferably closing below the lower shadow of the candlestick.
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