GBPJPY: Broke and retest of ascending trendline.

GBPJPY: Short term sell idea, initially I was waiting for the Head and Shoulders pattern to play out, I had a buy stop just above the 153.266 area. My ascending trendline was broken and retested, my bias changed to short, I have placed take profit 1 at the next significant support area and stop loss above area that was retested.

Commentaire:

GBPJPY: Short term sell idea, my take profit was hit 16 August 2021 around 5am. 89 pips in profit.