GBPJPY 60min Bearish TCT
GBPJPY is in a downtrend. I'm looking to sell Rallies on this pair.
Price has made it back to my "Reversal Zone" and now has Double Topped with Bearish RSI Divergence. We also have a an ABCD pattern completing right at the Double Top.
I just sold at the Double Top and looking for a retest of Previous Lows.
Stops - 1 ATR above Double Top
Target #1 - Retest of Previous Lows (Structure)
Target #2 - Retest of Previous Lows (Structure)
Price has made it back to my "Reversal Zone" and now has Double Topped with Bearish RSI Divergence. We also have a an ABCD pattern completing right at the Double Top.
I just sold at the Double Top and looking for a retest of Previous Lows.
Stops - 1 ATR above Double Top
Target #1 - Retest of Previous Lows (Structure)
Target #2 - Retest of Previous Lows (Structure)
Note
Target #1 AcquiredNote
Holding for Target #2 with stops @ BreakevenNote
Stops rolled to 164.430. Trailing Stops 1 ATR above the last swing high on the 1hr. Protect those profits!Trade closed: target reached
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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.