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GBPJPY M30 Chart I SHS Pattern

GBPJPY M30 Chart I SHS Pattern

Pattern /Reason: Inverse Head And Shoulder Pattern

Time Frame: M30

Accuracy of the Pattern: 72%

Setup No: GBJP190101

Recommended Lot: 0.20 at 10K

Trade Period: Scalping / Intraday

Active/Pending: Executed

Trade: Long

Entry: 136.330

Stop Loss: 136.100

TP1: 136.500 / Reached

TP2: 136.700

TP 3:

Divergence/ Convergence Confirmation: Not Yet – Will be updated.

Candle Pattern Confirmation: Bullish Harami M30

Moving Average Confirmation:

The trend of the Timeframe: Neutral

The trend in the Daily Chart: Strongly Bearish

Notes:

  • UK CPI came positive.

Update: TP1 OK. Book your profits.

Update: TP2 is OK.


Warning and Things to Pay Attention:

  1. Pay attention to Time Frame, Trade Period and Estimated Completion Time, Accuracy and Recommended Lot Size clauses mentioned below.
  2. Do not risk more than 2% in one trade setup.
  3. We usually book partial profit at the first target and move our stop loss to entry or break-even level. Use your own risk/profit management to exit the trade.
  4. We are publishing potential opportunities. There are no certainties and traders bets on possibilities. Read the setup carefully before entering a trade and take your own decision.

VERIFIED ACCOUNT AND SETUP RESULTS

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

GBPJPY: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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