GBPJPY Potential Sell Scenario
Analysis :
Sell :
/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.
A bearish engulfing pattern has emerged at the bearish bat pattern potential reversal zone.
***This idea is only for educational purpose. Not a financial advice***
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- Price are in up trend [Inside a Rising Wedge Pattern],
- Price is close to a long term resistance zone,
- Price is boucing several times the rising wedge upper bound,
- Prince is forming a wolfe wave pattern,
- We will favor the Bearish scenario.
Sell :
- wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc,
- Initiate Sell order,
- Target ==> TP1 to TP3,
- SL above the long term resistance zone.
/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.
A bearish engulfing pattern has emerged at the bearish bat pattern potential reversal zone.
***This idea is only for educational purpose. Not a financial advice***
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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