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glennmercer
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GBPJPY Short: 5-0 Pattern to Missed Pivots بيع

British Pound/Japanese YenFXCM

الوصف

Hey Traders! GBPJPY has entered the potential reversal zone for point E on a 5-0 pattern. The short at the 0.500 fib retracement remains valid unless price drops lower than 1.345 without entering the short area. Any entry into the short area from these levels will warrant a short and the pattern will be triggered and active. SL is placed above point B with target at the lowest missed pivot, confluent with the missed weekly pivot from last week.

Happy Trading!
GM

تم فتح الصفقة

Time to short!

تعليق



AB=CD complete, confluent with completion of bearish 5-0 pattern

تعليق


Beautiful resistance at 50% fib

أغلقت الصفقة: تم الوصول للهدف

370+ Pips! The 5-0 is a must-learn for any TA trader

أغلقت الصفقة: تم الوصول للهدف

Final target reached at the weekend gap for a total of 615 pips! Only withstood a drawdown of 21 pips on this one for a total R/R of 29:1 soup to nuts. Happy trading everybody!

التعليقات
RajveerSingh
not agree ..trendlinbe broken ..possible pullback
glennmercer
Hi Rajveer, thanks for sharing. This is a short term pattern (less than 1 week). Are you long or short? What is your hold time?
المزيد