FOREXCOM:GBPJPY   British Pound / Japanese Yen
Looking at price to range within this Descending Triangle .

Price has manipulated the highs and rejecting off the descending trendline.

At lower time frame: Lower Highs (LH) and Lower Lows (LL) can be seen. Price is retracing back to the trendline where the first sell entry will be sought.

Sell entry 2 will be upon the correction proceeding the broken support.



Let me know what you think.
Comment:
Still bearish for me unless fundamentals change.

Comments

Loving this idea. Keep up the good work!
+2 Reply