Description
⋅ Evening Traders,
Today’s analysis – GBPJPY – trading towards key swing high area where a rejection is possible,
Points to consider,
- .618 Fibonacci Resistance
- Key Swing High Liquidity
- POC Objective
- Price Action Rotation
GBPJPY’s immediate price action is trading towards liquidity pool with the .618 Fibonacci in confluence, allowing for a bearish bias.
The POC is the immediate objective; exceeding this level will lead to a deeper pull back.
Price action is to be used upon discretion/ management when executing this trade, invalidation is multiple candles closes below the POC.
Hope this analysis helps, thank you for following my work and remember,
“Never let a win go to your head, or a loss to your heart.” – Chuck D.