Sell opportunity on GBPJPY
Explain the Idea :
- Price test 3 years resistance.
- Price touched the upper BB.
- Clear divergence in RSI.
- Head and shoulders formed .. break below the neck (Green Line) will confirm the down shift.
Risk management / SL & TP
- Pending order of (SELL STOP) right below the green line.
- SL to be placed above the right shoulder.
- 1st TP at 38.2% (black line) and to free risk the trade.
- 2nd TP at 61.8% fibo.
Good Luck
((If you like the Idea kindly click like and I will be happy if you share your opinion in the comments))
- Price test 3 years resistance.
- Price touched the upper BB.
- Clear divergence in RSI.
- Head and shoulders formed .. break below the neck (Green Line) will confirm the down shift.
Risk management / SL & TP
- Pending order of (SELL STOP) right below the green line.
- SL to be placed above the right shoulder.
- 1st TP at 38.2% (black line) and to free risk the trade.
- 2nd TP at 61.8% fibo.
Good Luck
((If you like the Idea kindly click like and I will be happy if you share your opinion in the comments))
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