davinderaulakh

watch the two resistance areas for a sell

Short
davinderaulakh Updated   
FX:GBPJPY   British Pound / Japanese Yen
7
after breakinh from the trendline it has not made a pullback, so i am watching both resitance area to short it for a target atleast .618 fib retracment and upto the weekly trendline coming from below. price is now in the first resistance zone and stoch is in oversold terotarry , please watch price action in daily or go to 4 hour and wait for bearish price action and sell it. sl is above the resistance zone
Comment:
in the 4 hour time frame i can see an inside bar pattern developing, right know i am opening an trade with 40% position . rest will be opened after the breakthrough of this pattern
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