J_Graystone
Short

GBPJPY Trend Continuation Trading Opportunity - Short

FX:GBPJPY   British Pound / Japanese Yen
1011 4 18
Following my Head & Shoulders Pattern idea, Market pushed below and closed below the neck line last week so we can expect further downward movement in this pair.

The question is "How can we get involved?"

Well we can see that market is putting in a retracement and if we can get up into the kill zone I have drawn out between 171.36 and 171.12, we will be paying close attention and filtering down to find an entry reason.

Aggressive traders will have more than a 1:1 risk reward just entering at this level if stops are to go above the previous swing high.

I have included a short video on our London Live Room analysis from the EURJPY             pair here https://youtu.be/K0TdRS7NZ8Y

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Good stuff, I have a similar setup but shooting for extended targets
+2 Reply
J_Graystone Nico.Muselle
Nice Nico. Great Minds! ;-)
+1 Reply
Nico.Muselle J_Graystone
Seems it's gone without you ... pity, it was a very nice setup.
+1 Reply
Gbprider Nico.Muselle
Great Call :)
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