GBPJPY Short Opportunity

Here, we have GBPJPY at Daily trend line resistance level. As you can see here on this 4HR chart, the pair currently show overbought conditions on both RSI and Stochastic. I believe this is a good entry level. Your SL should be at a logical area above the resistance trend line and aim for first potential target @ 153.33.

1st Target - 153.33
2nd Target - 153.00
3rd Target - 152.62

Commento:

Possible H&S formed in 1HR chart

Trade chiuso: obiettivo raggiunto:

1st Target Profit reached. Will look for more opportunities next week.