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British Pound / Japanese Yen
Short

Pumb and Run reversal Top - Break out formation

By Michail...Sideris
Updated
This is a break out formation with very good decline percentage, You can sell aggressive the break or you can wait for the pullback (63% chance for a pullback)
Target is the bottom of the trendline
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snapshot

The same setup earlier in the month. The profit was 670 pips!!
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Bearish BAT pattern just formed
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Both targets for BAT pattern have been reached.
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Until now we have 150 pips form the first target of the Pumb & Run reversal Top formation, and another 42 and 69 pips from the bearish BAT pattern.

There is a potential Bearish Gartley pattern at the previous structure
Trade closed: target reached
+200 pips from the second target of Pumb & Run reversal top sell setup
ANDbreakoutGBPJPYpumbpumb_and_runreversalRUNshortTOPTrend Lines

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