GBPJPY Sell the downtrend. Short

GBP/JPYOANDA

Description

⋅ Nov 4, 2021 7:09 AM

GBPJPY - Intraday - We look to Sell at 156.33 (stop at 156.61)

Trading within a Bearish Channel formation.
Trend line resistance is located at 156.30.
We look for a temporary move higher.
Our short term bias remains negative.

Our profit targets will be 155.51 and 155.31

Resistance: 156.20 / 156.40 / 156.70
Support: 155.90 / 155.70 / 155.40

Order cancelled

⋅ Nov 6, 2021 9:15 AM

Comments

babawawili

⋅ Nov 4, 2021 7:17 AM

very nice analysis

Signal_Centre1

⋅ Nov 6, 2021 9:15 AM

@babawawili, Well, we've nailed the move but failed to get into the trade.

Mihai_Iacob

⋅ Nov 4, 2021 4:28 PM

excellent as always!