Get started
zorrays

GBPJPY - SHORT - DESCENDING TRIANGLE - RSI

Short
British Pound / Japanese Yen (FX:GBPJPY)  
zorrays Updated   
FX:GBPJPY   British Pound / Japanese Yen
Support and Resistance Fibonacci Triangle GBPJPY Forex fx Relative Strength Index (RSI) Divergence yen
11
0
supportandresistance fibonacci triangle gbpjpy forex fx relativestrengthindex divergence yen
Bias: Short

Confluence:

Failed to break monthly resistance (despite bullish impulse)
Currently sitting on a strong daily support
Descending Triangle (buyers struggling to keep the price up)
RSI Divergence (Bearish)
Target is next daily resistance
Comment:
snapshot

a nice high risk entry opportunity


snapshot
Trade active
Trade closed: target reached
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.