Ascending Channel on GBP/JPY @ D1
The ascending channel pattern on D1 chart of GBP/JPY shows a potential for a bearish breakout. The pattern's borders are shown with the yellow lines. My potential entry level is shown with the cyan line. My potential target level is the green line. Stop-loss will be set to the high of the breakout bar (not shown on the chart).
More information, tools, a chart template, and a free EA to trade this pattern in automatic mode on
earnforex.com/blog/gbpjpy-in-ascending-channel-recipe-for-downtrend/
More information, tools, a chart template, and a free EA to trade this pattern in automatic mode on
earnforex.com/blog/gbpjpy-in-ascending-channel-recipe-for-downtrend/
Trade active
Entered at 185.710 with SL = 186.993 and TP = 182.510.Trade closed: target reached
Take-profit (183.955) triggered today at 13:11 UTC.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
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.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
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.