GBPJPY Short - Lower High (LH), Lower Low (LL) Formation with RS
Spotted a Short opportunity on GBP/JPY as the pair forms a Lower High (LH) and Lower Low (LL) pattern. RSI indicates resistance, confirming the bearish momentum.
Entry Point: 189.96
Target Price: 187.00
Stop Loss: 192.39
Risk/Reward Ratio: 0.15
Account Size: $10,000
This setup capitalizes on a weakening trend after price rejection at resistance, with a tight risk management strategy in place. Monitoring for a potential breakdown towards target levels.
Entry Point: 189.96
Target Price: 187.00
Stop Loss: 192.39
Risk/Reward Ratio: 0.15
Account Size: $10,000
This setup capitalizes on a weakening trend after price rejection at resistance, with a tight risk management strategy in place. Monitoring for a potential breakdown towards target levels.
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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.