glennmercer
Short

GBPJPY: Key Levels To Short

FX:GBPJPY   British Pound/Japanese Yen
Hey Traders! Here are a few levels to look for to short this pair. The first level I'll be looking for is break out of the rising wedge . A close below the bottom of the wedge will likely mean further price action toward the target zone. If no breakout occurs, I'll be looking for rejection at the Gartley PRZ, then the deep crab if the bullish pullback is strong enough. In the target zone, there's a missed dialy pivot , weekly pivot , and the weekend gap which typically pulls price toward Friday's close. In the longer term, the weekly missed pivot and the 50% fib zone is a great area to look for another rejection. Happy Trading!
Comment:
snapshot


Price has entered the Gartley PRZ, looking for some signs of rejection at these levels. Also, a bearish Wolfe Wave is also completing here and we may see some resistance at the 1-3 parallel. Stay tuned!
Comment: On the one hour timeframe, we have a few more reasons to look for short opportunities at this level:

21 Day SMA
21 Day EMA
Triangle on APRR
Potential Tweezer Rejection
Comment:
snapshot
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out