DrSwing_Forex

GBP/JPY (1h chart): Swing of the Year!!!

Singkat
OANDA:GBPJPY   Paun British / Yen Jepun
5 Reasons why I'm anticipating a sell:

Should this trade play out as anticipated, there will be:
A break and re-test setup on the upward trendline
A sell setup on the downward trendline
A potential reverse at the pivotal support and resistance
Price is currently changing from uptrend to downtrend
Lastly, I'm anticipating a bearish reversal candlestick confirmation as confirmation for entry.

Risk:40 pips
Reward:560 pips
GBPJPY is a highly volatile pair with a lot of stop loss hunts, therefore being the reason why my stop loss is above 30pips!!!

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DR.Swing_Forex
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