Nice short set-up on Gbpjpy
Sell area at 154.60-155.10
Stop @ 155.40
Target @ 151.12 and 2@149.02
Risk to reward ratio 1:16
In 8hr Gbpjpy broke the bulish trendline previously and also retest sucesfully.There is also double top pattern in daily which favours bearish scenario..
There is also Diamond pattern and breakout in 1H.In monthly time frame price at bearish trendline and rejected 2 times previously.
Stop @ 155.40
Target @ 151.12 and 2@149.02
Risk to reward ratio 1:16
In 8hr Gbpjpy broke the bulish trendline previously and also retest sucesfully.There is also double top pattern in daily which favours bearish scenario..
There is also Diamond pattern and breakout in 1H.In monthly time frame price at bearish trendline and rejected 2 times previously.
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