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GBPJPY Short: 5-0 Pattern to Missed Pivots

업데이트됨

Hey Traders! GBPJPY has entered the potential reversal zone for point E on a 5-0 pattern. The short at the 0.500 fib retracement remains valid unless price drops lower than 1.345 without entering the short area. Any entry into the short area from these levels will warrant a short and the pattern will be triggered and active. SL is placed above point B with target at the lowest missed pivot, confluent with the missed weekly pivot from last week.

Happy Trading!
GM

액티브 트레이드

Time to short!

노트

AB=CD complete, confluent with completion of bearish 5-0 pattern

노트

Beautiful resistance at 50% fib

거래청산: 타겟 닿음

370+ Pips! The 5-0 is a must-learn for any TA trader

거래청산: 타겟 닿음

Final target reached at the weekend gap for a total of 615 pips! Only withstood a drawdown of 21 pips on this one for a total R/R of 29:1 soup to nuts. Happy trading everybody!