848evo
Short

[ANALYSIS] GBPJPY Wedge Breakout

FX:GBPJPY   British Pound/Japanese Yen
81 1 3
GBPJPY             just broke a wedge formation after a previous large drop. I'm expecting PA to move down a bit more near the lower support line before bouncing back up to re-test the broken TL before heading back down again. I'll wait for the bounce before attempting to get in short. Might try to scalp the quick up bounce with a very tight SL.
***** HOW TO READ THE CHART: The red and blue lines represent clusters of BUY/SELL orders. The thicker the line, the stronger the cluster. Red = SELL, Blue = BUY. Grayed Out = Cluster Hit & Gone.
AmjadFX
8 months ago
good
Reply
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