On The Pair GBPJPY a bearish triangle is formed which is indicating towards a downside move. As it gained a lot of pips before coming into a downtrend, now it has formed a bearish triangle. We can take entry on the breakout I made on the chart. Without any divergence it would hit both my tp's as it's indicating a strong trend.
My Trade plan:
Entry:195.616
Stop loss:197.159
Take profit 1:192.902
Take profit 2:189.903
My Trade plan:
Entry:195.616
Stop loss:197.159
Take profit 1:192.902
Take profit 2:189.903