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RaynLim
Oct 31, 2021 3:47 PM

GBPJPY - Descending Triangle Short

British Pound/Japanese YenFXCM

Description

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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