FX:GBPJPY   British Pound / Japanese Yen
#GBPJPY Short Idea

1. Structure retest
2. Potential bat on retest
3. 200sma is close to the zone
4. 0.618 confluence with zone
My analyses show that it should continue strong downtrend from this point, lets see how it turns out
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Update: Pattern is invalidated but the zone is still valid and strong
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If you think price will get there, perhaps you should have a bullish idea for now.??
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TradeYodha DerekUweri
Thanks for your comments. That was just a possibility "IF" clause. If the price had reached that zone we had an opportunity to short. The zone may still be valid however the current pattern is definitely not. I will look for next possibility now.
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Hello, your pattern is correct, but .. how do you know the price will get to that level? better to do an analysis when price is near or already at PRZ
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TradeYodha FullTimeTrader
Thanks FullTimeTrader for your comments. That was just a possibility "IF" clause. If the price had reached that zone we had an opportunity to short. The zone may still be valid however the current pattern is definitely not. I will look for next possibility now.
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TradeYodha TradeYodha
How about this one? Is this correct?
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