popesalmon

GBPJPY W SHORT LDN 070621

Short
FX:GBPJPY   British Pound / Japanese Yen
+2.7

Price has been making LH LL on the smaller timeframe as well as on the daily, price has formed a candle confirmation I like to trade on. Once the daily starts to break the previous low,

I formed a short bias... And with the 30m closure 1hr before LDN open, I knew there's going to be anticipation from sellers to bring price down.

Furthermore, if we look left, there's quite a clean and large range before next strong level of support/resistance. Meaning that there's even more room for better RRR trade

Hold nothing sacred in search of truth
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.