limitlessal

gbpjpy Short trade idea // Reversal

Short
FX:GBPJPY   British Pound / Japanese Yen
In this analysis we can see Price has formed a H&S type of market structure at an area of previous resistance, this is a Key level in the market which has been respected in the past. RSI is also bearish indicating a reversal at this level, price is under both 9 and 21 Moving averages. SL is placed above structure for 87 pips, TP1 will be at 135.864, TP2 is at 135.000 for about 160 pips and TP3 will be at 132.592 for 400 pips. This is a 1 to 4.5 RR swing position, that i will be taking with students of LIMITLESS TRADE ACADEMY under my mentorship. If you agree with my trade idea please use proper risk management.

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Always remember to move your trade to break even when in profits, its better to be a break even trader than a losing trader.

Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
Comment: TP1 hit, trade hit BE
Please Trade at your own risk, every trader should follow proper risk management.

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