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PateSkpate

GBPJPY 60min Bearish TCT

Short
British Pound / Japanese Yen (FX:GBPJPY)  
PateSkpate Updated   
FX:GBPJPY   British Pound / Japanese Yen
gbpjpyshort GBPJPY 60min 1hr swing swingtrading swingtrade TCT trendcontinuation trendtrading Double Top AB=CD harmoincs harmonicmoves Harmonic Patterns
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gbpjpyshort gbpjpy 60min 1hr swing swingtrading swingtrade tct trendcontinuation trendtrading doubletop abcdpattern harmoincs harmonicmoves harmonicpatterns
GBPJPY is in a downtrend. I'm looking to sell Rallies on this pair.

Price has made it back to my "Reversal Zone" and now has Double Topped with Bearish RSI Divergence. We also have a an ABCD pattern completing right at the Double Top.

I just sold at the Double Top and looking for a retest of Previous Lows.

Stops - 1 ATR above Double Top

Target #1 - Retest of Previous Lows (Structure)

Target #2 - Retest of Previous Lows (Structure)
Comment:
Target #1 Acquired
Comment:
Holding for Target #2 with stops @ Breakeven
Comment:
Stops rolled to 164.430. Trailing Stops 1 ATR above the last swing high on the 1hr. Protect those profits!
Trade closed: target reached
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