PeanutButter

GBPJPY OHLC (SELLS) APRIL MONTHLY STRUCTURE

Short
FX:GBPJPY   British Pound / Japanese Yen
Please support this idea with LIKE if you find it useful..

GBPJPY
OHLC

Monthly structure In daily timeframe appears to be long-term sells.
Possible second leg of “M” pattern
Patiently waiting for a TDI CROSS to confirm sells. Also price line and bloodline are both within the Sell pressure zone making this high probability.
Runner Tp must be the “OPEN” which is a consolidated Quarter Level for GBPJPY .
Bearish divergence from last months high to current market price with wicks indicating rejections.
Trade with Caution. Wait for valid entries.

Please support this idea with LIKE if you find it useful.

P A T I E N C E + D I S C I P L I N E


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.