gbpjpy has been on an upward movement for a long time leaving very many inefficiences which price should fill and i think its time for the bears to take control.
MARKET BREAKDOWN THE SMART MONEY WAY
We have a shift in demand indicating that the bears have begun to step in and right when price tapped in our sell orderblock i excecuted sell targetting various points for take profit
SELL @=211.816
SL=212.158
TP 1=210.308
TP 2=210.017
MARKET BREAKDOWN USING SUPPORT AND RESISTANCE
Price slightly broke through the resistance before mitigating back to the consolidation which it was previously in indicating it was a liquidity grab price then had a huge push to the downside indicating price was beginning to take a bearish mommentum and thats why when price mittigated to our resistance i looked for sell targetting multiples areas of support.
SELL@211.745
SL=212.158
TP 1=210.308
TP 2=210.017
MARKET BREAKDOWN THE SMART MONEY WAY
We have a shift in demand indicating that the bears have begun to step in and right when price tapped in our sell orderblock i excecuted sell targetting various points for take profit
SELL @=211.816
SL=212.158
TP 1=210.308
TP 2=210.017
MARKET BREAKDOWN USING SUPPORT AND RESISTANCE
Price slightly broke through the resistance before mitigating back to the consolidation which it was previously in indicating it was a liquidity grab price then had a huge push to the downside indicating price was beginning to take a bearish mommentum and thats why when price mittigated to our resistance i looked for sell targetting multiples areas of support.
SELL@211.745
SL=212.158
TP 1=210.308
TP 2=210.017
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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.