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azanm2827

A Bearish Triangle

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
azanm2827  
OANDA:GBPJPY   British Pound / Japanese Yen
Trend Analysis
3
0
trendanalysis
On The Pair GBPJPY a bearish triangle is formed which is indicating towards a downside move. As it gained a lot of pips before coming into a downtrend, now it has formed a bearish triangle. We can take entry on the breakout I made on the chart. Without any divergence it would hit both my tp's as it's indicating a strong trend.
My Trade plan:
Entry:195.616
Stop loss:197.159
Take profit 1:192.902
Take profit 2:189.903
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