WaveTrends

Gbp/Jpy Hour 4 Sell Idea

Short
FX:GBPJPY   British Pound / Japanese Yen
Gbp/Jpy has made a double top on hour 4 in what looks like a swing up in a downtrend.
On Hour 1 Gbp/Jpy pulled back to the area around the 200 day moving average.

After some sell movement... I will open a sell trade.
My take profit level is 160.000
This idea is based on trend trading. We are in a downtrend and we have a retest in a swing high in the downtrend.

Good Luck if you trade my idea
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.