GPBJPY just touched a trend line which is descending since jan/2018 which is the upper line of a descending triangle chart pattern and has formed a bearish pin bar, as I see the price will fall down to touch the lower line of the descending triangle
my entry points will be
141.9 that will be in case the price retested the upper trend line
140.850 that will be when the price breaks the local trend line ascending from Nov/2019
138.980 that's when the price breaks down the 139.240 key level
and my targets will
TP(1): 139.550 (short one) 200+ pips
TP(2): 135.910 600+ pips
TP(3): 131.650 1000+ pips
and Stoploss @ 144.250
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Check my idea's here:https://www.tradingview.com/u/jihadHejaz/#published-charts
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thank you
Good luck
my entry points will be
141.9 that will be in case the price retested the upper trend line
140.850 that will be when the price breaks the local trend line ascending from Nov/2019
138.980 that's when the price breaks down the 139.240 key level
and my targets will
TP(1): 139.550 (short one) 200+ pips
TP(2): 135.910 600+ pips
TP(3): 131.650 1000+ pips
and Stoploss @ 144.250
Don't forget to leave a LIKE
Check my idea's here:https://www.tradingview.com/u/jihadHejaz/#published-charts
follow me to get the latest analysis daily
thank you
Good luck
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A Closer Look
