Poundyen
GBPJPY | Ascending Triangle & Major Resistance ..!!GBPJPY (Update)
In Daily Chart, Forming ascending triangle Pattern (Bullish Pattern)
At the Moment, Facing Major Resistance (135.40), If Bulls Failed to Clear it, expecting Trendline Retest ( Higher Low)
If Resistance got Cleared, Next Stop Would be 144.00 area (Next Major Resistance)
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GBPJPY | Breaking the Bearish Flag..!!GBPJPY (Update)
Breaking the Bearish Flag in 4h Chart, So Sell It..!!
Expecting 40-50 PIPS Downward Move 📉
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GBP/JPY - HEAD & SHOULDER - FAKE-OUT (HTF) : SELLPOTENTIAL TRADE: GBP/JPY
I am looking to enter short on this currency pair for the following reasons:
- Head and Shoulder price action pattern is evident.
- Price has created a fake break-out. Buyers are trapped and will realize losses soon.
- Overall down-trending market structure.
- Major zone of resistance at the right shoulder.
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