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:
- Pay attention to Time Frame, Trade Period and Estimated Completion Time, Accuracy and Recommended Lot Size clauses mentioned below.
- Do not risk more than 2% in one trade setup.
- 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.
- 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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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
