Short

GBP/JPY is forming H&S Pattern. Possibility to go to 134.50

Updated

Based on H&S and Fibo level if it finally ends up developing H&S pattern then the following TP will be valid. (It may take till Friday 12/6/2020 to form it)

Entry: 137.000
TP1: 135.750
TP2:134.500 (I can manually close at 135.000 level on Friday before London session)

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60 pips profit. H&S formation going good. I am closing 20% lot with profit. I'll close another 40% at TP1 and rest at TP2. You can also put SL at break even as you already have 60 pips profit.

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H&S Formation completed.

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Put SL at 136.25. (total profit 90 pips)

Trade closed: target reached

90 Pips profit closed as SL at profit hits. I'll re open another trade 30 mins later (probably) if H&S pattern sustains

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I have openned another trade at 136.35 level
TP1: 135.75
TP2: 134.50

Trade closed: target reached

closed 100% trade at 135.76

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Happy Trading and I hope you enjoyed the profit

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TP2 reached as well :-) .. but did get out esrly and missed the chance

UnknownUnicorn1848638

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