GBP/JPY POTENTIAL SHORT SET UP
REASON TO ENTER:
- EMAs are crossed Red over Blue meaning that their is more selling volume
- The market is making lower highs and lower lows
- Break of structure on H4
- Head and Shoulder pattern on H4 (trend reversal)
Entry:
- Wait for a bearish variation (Bearish engulfing)
- Looking to enter on the retest of Head and Shoulders on H1 (143.148)
R/R = 2:1
- EMAs are crossed Red over Blue meaning that their is more selling volume
- The market is making lower highs and lower lows
- Break of structure on H4
- Head and Shoulder pattern on H4 (trend reversal)
Entry:
- Wait for a bearish variation (Bearish engulfing)
- Looking to enter on the retest of Head and Shoulders on H1 (143.148)
R/R = 2:1
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