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JRonaldTrading
Jul 6, 2020 10:25 PM

GBP/JPY Short

British Pound / Japanese YenFOREX.com

Description

GBP/JPY
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Sell
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Market execution
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We have seen the creation of an ascending structure with three upper trend line touches
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A move downwards from the upper structure has created another bearish flag at the channel lows
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Price has creeped up to the first significant structure and is now rejecting the level on the H1 timeframe
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This confluence is enough to enter with stoploss set above previous highs
Comments
Chris-TuttoInUno
Yeaaah
peakbroker
I have the same idea, but your trade give better RR-ratio. I like it!
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