GBPJPY (1Hour):Will the bears finally manage to gain momentum???
Greetings pip hunters, i would like to share this idea with you and hear your views on this idea, enjoy!!!
Reward: 801pips🤑
Risk: Dependent on personal risk appetite❌
Risk/Reward Ratio: 7.7âś…
Chart Breakdown:
Please follow for more quality tradesâś…
Please share your comments on this trade and like if you agree with the idea.
DR.Swing_Forex
Reward: 801pips🤑
Risk: Dependent on personal risk appetite❌
Risk/Reward Ratio: 7.7âś…
Chart Breakdown:
- Daily: Price is currently at a significant resistance level that is currently being respected
- 1 Hour: An uptrend is in place, indicated buy the higher-highs and higher-lows but there is a double top formation signaling a change in trend should price close below the neckline.
I will be waiting for price to retest the broken neckline and form a bearish reversal candlestick to confirm a sell entry.
Please follow for more quality tradesâś…
Please share your comments on this trade and like if you agree with the idea.
DR.Swing_Forex
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