akhostov
Short

Bearish Shark Pattern on GBPJPY

FX:GBPJPY   British Pound/Japanese Yen
41 1 0
We have a Bearish Shark Pattern that is forming on the GBPJPY             . The great part about this setup is the 0.886 XA retracement matches perfectly with previous structure (dashed red line). We will see a completion around 178.76 and possible first target 178.416 for a nice ~35 pips. Currently, we have the currency bouncing off a trend-line resistance. Best time than any to join the ride to the D-point.

Trade wisely, Trade Responsibly.
akhostov PRO
2 years ago
so that worked out quite well. Made a profit going up to completion and profit going back down. + 70 pips
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