GBPJPY - Descending Broadening Right Angel - SHORT
This PAIR has been in a down trend since the beginning of the month.
Descending Broadening Right Angle pattern has emerged. Based on
this pattern and the overall trend of this pair it's a great time to go SHORT.
Case for entry:
1. Selling into the prevailing trend.
2. 6th touch on right angle resistance.
3. Evening Star reversal candle at top of recent uptrend.
4. RSI extremely overbought and showing bearish divergence.
5. Great risk to reward ratio.
Good Luck!
Descending Broadening Right Angle pattern has emerged. Based on
this pattern and the overall trend of this pair it's a great time to go SHORT.
Case for entry:
1. Selling into the prevailing trend.
2. 6th touch on right angle resistance.
3. Evening Star reversal candle at top of recent uptrend.
4. RSI extremely overbought and showing bearish divergence.
5. Great risk to reward ratio.
Good Luck!
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