GBP/JPY - Descending Triangle Pattern
GBP / JPY is very close to where a fall may occur. The pair is currently in a descending triangle pattern. The buying force was amortized by the downtrend line. With the arrival of the bears with the selling force, a low candle was formed. We expect the bear kick to be strong enough to send the pair close to the support level.
- Price touched a few times validating the bearish trendline
- RSI falling H4. Line descending on D1
- Rejection on trend line with low candle
I love such entries because risk-reward is good.
GOOD LUCK and take entry according to your balance.
Please support our setups with your likes, comments and by following me on TradingView, thanks!
- Price touched a few times validating the bearish trendline
- RSI falling H4. Line descending on D1
- Rejection on trend line with low candle
I love such entries because risk-reward is good.
GOOD LUCK and take entry according to your balance.
Please support our setups with your likes, comments and by following me on TradingView, thanks!
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