We can clearly see this pair is in a BEARISH Trend by looking at the Daily timeframe.
Switching to the 1 Hour Timeframe, I can get a better picture of when I need to enter this market.
Price has tested the Pivot all week and continues to bounce between it and a strong support at 181.250.
MACD showed me a cross, RSI is under the MA and price is under all of my EMA's for added confluence.
Entry - 181.785
TP- 181.250
SL-182.035
Hoping for a little over 50 pips for this trade! Cheers!
GBPJPY
Switching to the 1 Hour Timeframe, I can get a better picture of when I need to enter this market.
Price has tested the Pivot all week and continues to bounce between it and a strong support at 181.250.
MACD showed me a cross, RSI is under the MA and price is under all of my EMA's for added confluence.
Entry - 181.785
TP- 181.250
SL-182.035
Hoping for a little over 50 pips for this trade! Cheers!
GBPJPY