GBPJPY I SHS Pattern Formation and Trade Opportunity
Pair / Instrument: GBPJPY
Time Frame: HOURLY
The trend in the Timeframe: BULLISH
The trend in the Daily Chart: BEARISH
Description: GBPJPY completed bullish Inverted Head And Shoulders Pattern. The neckline is 140.940. Bullish continuation is expected.
Trade Based On: Inverse Head And Shoulders Pattern
Stop Loss: Close above : 140.000
Take Profit 1:141.400
Take Profit 2: 141.800
Take profit 3:
Update: TP1 Reached 90 pips
You can view the trade idea: GBPJPY Trade Idea
Rules To Keep In Your Mind: Trade Safe. Money Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.
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DISCLAIMER: This is a technical analysis study, not an 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