CURRENT CONFLUENCE
PRICE AT PREVIOUS SUPPORT TURNED RESISTANCE
FAILED TO CLOSE ABOVE THIS LEVEL MULTIPLE TIMES
REJECTION FROM 50% FIB
50SMA H4 ACTING AS RESISTANCE
PRICE AT MAKE OR BREAK LEVEL.
IF PRICE CLOSES ABOVE 178 ON THE H4. TRADE IS INVALID.
TRADE ONLY VALID IF THE CURRENT H4 FORMS A REJECTION PIN BAR AT 178.00.
NOTE
W1 GBPJPY REACHED 50SMA SUPPORT. BEARS WILL BE OUTMATCHED BY BULLS AT THAT 50SMA
PRICE AT PREVIOUS SUPPORT TURNED RESISTANCE
FAILED TO CLOSE ABOVE THIS LEVEL MULTIPLE TIMES
REJECTION FROM 50% FIB
50SMA H4 ACTING AS RESISTANCE
PRICE AT MAKE OR BREAK LEVEL.
IF PRICE CLOSES ABOVE 178 ON THE H4. TRADE IS INVALID.
TRADE ONLY VALID IF THE CURRENT H4 FORMS A REJECTION PIN BAR AT 178.00.
NOTE
W1 GBPJPY REACHED 50SMA SUPPORT. BEARS WILL BE OUTMATCHED BY BULLS AT THAT 50SMA