chuky01

SHORT TRADE OPPORTUNITY FOR GBP/JPY

Short
FX:GBPJPY   Livre sterling / Yen japonais
GBP/JPY on the 4H time period is consolidating within a rising wedge chart pattern and we are expecting the price to break to the downside given that this chart pattern is a bearish reversal pattern in price action. The breakout may happen anytime soon as we can predict from the over-bought signal coming from the stochastic indicator. We enter the trade at breakout of price from the downside of the pattern. Our take profit target is projected from the base height of the wedge pattern (153.01). And stop loss value is estimated immediately after entry. Good luck!

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.