Trade Idea Position: GBPJPY H&S Long

British Pound/Japanese YenFXCM

Description

⋅ May 24, 2020 8:02 AM

A potential head and shoulders setup on the GBPJPY trade. Having the indecision candle with RSI Divergence made it more trade worthy.

I'm waiting for further confirmation to engage this trade.

Comments

ShinForex1

⋅ May 25, 2020 2:31 AM

my views are different i think we shall see continuation to downside

RaynLim

⋅ May 25, 2020 2:41 AM

@ShinForex1, I agree that on a longer-term I'm looking on the downside but this will be a short term retracement that I see.

ShinForex1

⋅ May 25, 2020 2:43 AM

@RaynLim, what are you projection for your long setup?

RaynLim

⋅ May 25, 2020 2:52 AM

@ShinForex1, Sorry, Shin, that will be for my inner community only :)

ShinForex1

⋅ May 25, 2020 2:54 AM

@RaynLim, lol. my bad i was just curious on your logic behind your setup . anyway i am good. thank you

RaynLim

⋅ May 25, 2020 2:58 AM

@ShinForex1, All the best for your trade. cheers :)