GBPJPY Head & Shoulders Pattern Trade

7 янв. 2021 г.

GBPJPY looks to be rejecting the upper boundaries of the channel and in the last few weeks has formed a head and shoulders pattern. I have annotated this on the chart.

We are currently rejecting 141.00 and forming the right shoulder. There is signs of intraday rejections in this zone.

I have TP's set at the "neckline" at 139.500 and then a TP2 at 138.00 which is calculated using price forecasting.

Stop loss placed above the left shoulder highs.

7 янв. 2021 г.

Сделка активна

Short trade entered @ 140.800

Potential R:R of 5:1

14 янв. 2021 г.

Сделка закрыта: достигнута стоп-лосс цена

Stop loss hit.