Trade Ideas Position: GBPJPY Shark

A bearish shark setup that coincides with ABCD pattern formed as a counter-trend trade, conservative traders can wait for a confirmation candle to engage the trade.

The additional advantage of this setup is having an RSI divergence on this setup and on the higher timeframe, it is also within the sell zone that was formed by a bearish bat and a bearish crab pattern(link to the connecting chart at the bottom).

Beautiful setup and opportunity but it don't guarantee a fall of this pair, it's good to know that there are so many setups align at the same zone at the same time.

Transaction en cours:

Stop Loss Entry(SLE) 144.57(+17)
Risk Free Trade Attained

Transaction en cours:

Target1 hit +178pips

Trade fermée: cible de profit atteinte:

Target2 hit +491pips