TradeYodha
Short

Possible GBPJPY Bearish Cypher Pattern (Fib, rsi, sma)

FX:GBPJPY   British Pound / Japanese Yen
@TradeYodha
TradeYodha.com
(Just my ideas, do you own analysis)

Possible GBPJPY 4H Short Opportunity

1. Clear Cypher Pattern
2. RSI reaching overbought level soon
3. 10 SMA and 50 SMA are lagging
4. Must wait for a confirmation ( double top and/or bearish rsi divergence) before going short
5. Can take 2 targets close to 10 and 50 SMA
Both targets achieved
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Cypher completed
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