Good day Traders, This is my Trade idea on GBPJPY, This pattern looks like R H&S, but it also comprises other patterns (symmetrical triangle)
This is a bullish reversal pattern that changes from bearish to bullish, with this I'm expecting the price to pull back to fake the pattern( symmetrical triangle) then buy back at POI(Point of interest) Then price to rally back up.
I'm looking at two possible entries, I'm more convinced with the second entry but I will be looking for a confirmation entry in the first entry too. This trade has a good reward if it play out according to the plan. EID MUBARAK TO ALL MUSLIMS BROTHERS.
This is a bullish reversal pattern that changes from bearish to bullish, with this I'm expecting the price to pull back to fake the pattern( symmetrical triangle) then buy back at POI(Point of interest) Then price to rally back up.
I'm looking at two possible entries, I'm more convinced with the second entry but I will be looking for a confirmation entry in the first entry too. This trade has a good reward if it play out according to the plan. EID MUBARAK TO ALL MUSLIMS BROTHERS.
