Mahtab_Tradia

GBPJPY Sell Opportunity

Short
FX:GBPJPY   British Pound / Japanese Yen
In the higher time frames (Weekly & Daily) we can see bearish candles with lower upper shadows.
Moreover, price is below Monthly, Weekly and Daily lows.

In H4 we have a downtrend and in H1, as you can see, the ascending trend line has been broken out to the downside and also a reversal H&S pattern has been created and the neckline is broken out.

I expect a fall in price first to 152.800 and in the case of breaking out this level, the next target would be 152.100 which is a monthly support level.

You can enter short in a quick pull back in 15min time frame.

Good luck and trade safe.

Join My Telegram Channel:
t.me/Tradia_Channel

Follow My Instagram:
Mahtab_Tradia

My YouTube Channel:
youtube.com/channel/UCLVMX3VGgdo8d02jF99SihQ
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.