gfx-trading

GbpJpy - Short Trade Idea

Short
FX:GBPJPY   British Pound / Japanese Yen
Price is Breaking out of a wedge pattern on the lower time frames, we also have a H&S formation forming on the 4 hour

My preferred entry is to see price break out and retest the wedge pattern before taking a short order.

Line up your confluences and only risk what you can afford to lose if you take this trade.

TP somewhere around 60-65 pips to the lower support.