Simple Price Action Trade on GBPJPY

Here is another beautiful PA trade that is so easy to spot and so easy to trade. You can trade cool with little pressure on yourself with such trades... Attached is the 1H chart of GJ...A nice clean almost pin bar at the high...add to it there is a previous high around the same price...Look at the volume...it is very high but the bar does not finish at the high inspite of the high volume.

All the above are clear indication that it is going to go down. All that you have to do is to take a short with a SL at the high. Very low risk with high reward potential. Now support has been broken and coming down and has yielded 30 pips so far. A similar setup can be seen in the GU chart as well which further corroborates our bearish outlook.

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