GBPJPY King's Crown formation pattern. We are ready for another sell. Price fell last week from the right tip and we had a retest of the right tip @ 137.16.
1. Broken Up trend line
2. Lower Low Created
3. Right Tip hit at Resistance level
4. RSI in sell zone
Look to sell @ 136.70 area
TP 1 @ 135.57
TP 2 @ 133.54
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
1. Broken Up trend line
2. Lower Low Created
3. Right Tip hit at Resistance level
4. RSI in sell zone
Look to sell @ 136.70 area
TP 1 @ 135.57
TP 2 @ 133.54
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple