Get started
British Pound / Japanese Yen
Short
Updated

The Beast May -Possibly- Go Down

112
  • Weekly Resistance
  • Ascending Triangle
  • Triple Top


WAIT FOR..... Clear breakout of ascending triangle + Trendline + Clear PA confirmation! ....otherwise I wouldn't advice taking this trade!

Adjust the SL and TP accordingly when you get a clear entry.

All comments are welcome and appreciated

Peace!
Note
Nice bearish engulfing candle right at entry point, we may adjust SL since we can expect a pullback to 50%fib of last , which would be an extra confirmation for another entry. We must be careful of the horizontal orange line since it's a well respected D support, but once it's past we may expect a very good drop giving us a very good R&R.
Note
snapshot
KWFX
ascendingtrendlineAscending TriangleBeyond Technical AnalysisChart PatternsdynamicresistanceGood Risk/RewardpriceactionTrend Analysis

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.
ascendingtrendlineAscending TriangleBeyond Technical AnalysisChart PatternsdynamicresistanceGood Risk/RewardpriceactionTrend Analysis
KWFX

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.