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JRonaldTrading

GBP/JPY

Short
British Pound / Japanese Yen (FOREXCOM:GBPJPY)  
JRonaldTrading  
FOREXCOM:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators GBP jpy GBPJPY short SELL ascending Ascending Channel breakout sellsetup
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trendanalysis chartpattern indicator gbp jpy gbpjpy short sell ascending ascendingchannel breakout sellsetup
GBP/JPY
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Sell
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Market execution
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We have seen the creation of an ascending structure with three upper trend line touches
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A move downwards from the upper structure has created another bearish flag at the channel lows
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Price has creeped up to the first significant structure and is now rejecting the level on the H1 timeframe
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This confluence is enough to enter with stoploss set above previous highs
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