GBPJPY King's Crown Sell Signal
Updated
King's Crown formation. This occurs when we have the following:
1. Trend line break.
2. AB boundary broken south with a lower low created.
3. Right tip (shoulder) creation that matches with left tip (shoulder).
Entry @ current price of 137.27
TP @ 135.65
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
1. Trend line break.
2. AB boundary broken south with a lower low created.
3. Right tip (shoulder) creation that matches with left tip (shoulder).
Entry @ current price of 137.27
TP @ 135.65
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Note
TP taken in case it retraces before hitting original target. Always lock in profits and do not get greedy. 2 sell positions closed @ 190 pips total.
Related publications
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.