GBP/JPY POTENTIAL SHORT SET UP
REASON TO ENTER:
- EMAs are crossed Red over Blue meaning that their is more selling volume
- The market is making lower highs and lower lows
- Break of structure on H4
- Head and Shoulder pattern on H4 (trend reversal)
Entry:
- Wait for a bearish variation (Bearish engulfing)
- Looking to enter on the retest of Head and Shoulders on H1 (143.148)
R/R = 2:1
- EMAs are crossed Red over Blue meaning that their is more selling volume
- The market is making lower highs and lower lows
- Break of structure on H4
- Head and Shoulder pattern on H4 (trend reversal)
Entry:
- Wait for a bearish variation (Bearish engulfing)
- Looking to enter on the retest of Head and Shoulders on H1 (143.148)
R/R = 2:1
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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.
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.