The analyse in this post is for #GBPJPY and we personally have a sell bias on this pair because of the confluences you can see in this breakdown.
✅ First of all price has reached a strong level of resistance and formed a double top.
✅ Buyers were no longer capable of breaking HH. Instead we can see that the price impulsed away and formed lower low.
✅ On smaller timeframe we can see couple breaks
✅ First of all price has reached a strong level of resistance and formed a double top.
✅ Buyers were no longer capable of breaking HH. Instead we can see that the price impulsed away and formed lower low.
✅ On smaller timeframe we can see couple breaks