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linofx1
Mar 27, 2024 8:15 PM

GBPJPY: Bearish Pattern & Pullback Short

GBP/JPYOANDA

Description

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📉GBPJPY has recently shown a dynamic head and shoulders pattern on the 4-hour chart.

The neckline of this pattern was broken today, leading to a close below it.

This breakout suggests a potential correctional movement as buyers may be losing momentum.

I anticipate a bearish movement towards 190.35 or lower.
Comments
LegionQ8
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Great idea, but I think price can soon turn around and start to grow
Setupsfx_
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Amazing work as always mate, keep it up.
WalterMoon
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I think price can fall to 2nd TP 🤔
Xanrox
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The trendline is broken, it looks like we will go down!
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