GBP-JPY: POSSIBLE REVERSAL| SHORT SETUP | ONE HOUR

This trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. GBP-JPY is moving in a bearish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bullish AB= CD Harmonic Pattern is used to identify the projection from its current price whereas Short Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ.

Anulowano zlecenie:

Trend Reversed before reaching to PRZ. Trade plan is cancelled.