GBPJPY respecting ABCD pattern
Hey guys,
Lets simplify this trade:
1. The chart shows a breakout of the up ward trend line
2. Reverses just above the 0.618 level
3. Rejection just at the up ward trend line
Hence i strongly believe this chart will follow the ABCD pattern and reach the 0.382 level.
Let's see if this trade goes thru
T/P at 136.42
S/L at 151.25
R:R 3!
Please don't trade more than 2% of your capital
Hope you earn some profits out of this trade
Cheers!
Lets simplify this trade:
1. The chart shows a breakout of the up ward trend line
2. Reverses just above the 0.618 level
3. Rejection just at the up ward trend line
Hence i strongly believe this chart will follow the ABCD pattern and reach the 0.382 level.
Let's see if this trade goes thru
T/P at 136.42
S/L at 151.25
R:R 3!
Please don't trade more than 2% of your capital
Hope you earn some profits out of this trade
Cheers!
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.