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grantpilling26
May 4, 2020 9:17 AM

GBPJPY - Breakout - Short Opportunity  Short

British Pound/Japanese YenFXCM

Description

GBPJPY - looking to go short on breakout, it seems to have followed the trend line all the way down to a strong line of resistance and if the break does come..could continue down to the next level which is level of support picked out on the daily chart.

moving averages look nice

RSI pointing down

HTF confirming a down trend

i would be looking to enter upon retest

Of course i could go the complete opposite way out of the wedge but time will tell!
Comments
grantpilling26
Worked out very nicely!
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