GBP/JPY, Short
huge potential move to the downside if this pattern plays out correctly here. as we can see we are looking at a potential head and shoulders pattern which we are all familiar with and how it can have a huge impact on the market when it comes to trading price action. we have no real indicator as to where this pair is going as of now so i will be waiting patiently and watching this pair. If that pattern gets broken before it is complete it will then become invalid and i wont be taking the short.
Patience, trade safe:)
Patience, trade safe:)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.