GBPJPY | How Can You Trade The Bearish Wave? Trading Strategy

GBPJPY | How Can You Trade The Bearish Wave?

In the 4-hour chart, the price is showing
a very strong resistance zone located between 163.50 - 163.90

On the 60-minute chart, we have a possible head and shoulders pattern.

We have to wait until the price drops below the neckline
pattern and after that the price has higher chance to move lower and reach our targets.

It's a very simple and effective strategy :)

I hope you enjoyed it.

Thanks and Good Luck!

Trade closed: target reached: