GBPJPY Head & Shoulder Pattern 4H. Waiting for the breakout and retest the support level 190.300
4H uptrend The price is currently undergoing a slight retracement. Waiting for the 30M candle to break the 2040 level with a strong bearish candle. Entry plan is after the price breaks the strong bearish candle low SL at the high of the previous 30M candle TP at 2027.00. Plan to trail SL once the trade is in 25 pips profit.
Uptrend on 30M Time Frame Making triangle pattern High probability of breaking high. If the price break out and retest at 183.847 level then we will buy on bullish candle and target would be 184.202 and SL 35 pips. If the price break down and retest at 183.681 level then we will go short on bearish candle and the target would be 183.300 and SL 35 pips.