GBPJPY - Bearish Trade
The chart in bullish trend depicted Harmonic Reversal Bearish AB=CD chart pattern.
The trade plan is Sell stop at breakout of last HL of bullish trend at 198.174, Stop loss at first LH at 200.003 and TP 1 at 196.335 & TP 2 at 194.490.
After trade exexution at 198.174, sellers will remain in control.
Bearish Divergence is observed at PRZ (Potential Reversal Zone) of bullish trend.
The trade plan is Sell stop at breakout of last HL of bullish trend at 198.174, Stop loss at first LH at 200.003 and TP 1 at 196.335 & TP 2 at 194.490.
After trade exexution at 198.174, sellers will remain in control.
Bearish Divergence is observed at PRZ (Potential Reversal Zone) of bullish trend.
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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.