This is a 1-hour chart of the GBP/JPY currency pair showing a potential bearish setup. Key elements include:
Support Zone: Around 198.000, previously tested multiple times.
Bearish Cup Pattern: Highlighted in yellow, suggesting a reversal.
Stop Loss: Marked above 199.397.
Sell Entry Zone: Near the support break at ~198.000.
Bearish Targets: 197.868 → 197.462 → 197.035 (with final support near 197.044).
Bearish Projection Arrows: Indicate expected price movement after breakdown.
This chart suggests a sell setup on breakdown, with well-defined risk and reward levels.
Support Zone: Around 198.000, previously tested multiple times.
Bearish Cup Pattern: Highlighted in yellow, suggesting a reversal.
Stop Loss: Marked above 199.397.
Sell Entry Zone: Near the support break at ~198.000.
Bearish Targets: 197.868 → 197.462 → 197.035 (with final support near 197.044).
Bearish Projection Arrows: Indicate expected price movement after breakdown.
This chart suggests a sell setup on breakdown, with well-defined risk and reward levels.
t.me/Forex_Gold_Signals117
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t.me/Forex_Gold_Signals117
Gold Free trades ❤️
kill gold every day with confirm signals ❤️
t.me/Forex_Gold_Signals117
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
t.me/Forex_Gold_Signals117
Gold Free trades ❤️
kill gold every day with confirm signals ❤️
t.me/Forex_Gold_Signals117
Gold Free trades ❤️
kill gold every day with confirm signals ❤️
t.me/Forex_Gold_Signals117
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.