SHAQZ

Gbpjpy the waiting game

Short
SHAQZ Updated   
FX:GBPJPY   British Pound / Japanese Yen
waiting patiently for this setup to present itself on the bigger Tf this is the retest of the broken trendline .on the smaller tf we are seeing price approach the level very weak which is a good omen for us as it shows that buyers are hesitant in pushing the price up very possible that once price reaches the level sellers wont hesitate to bring it right back down
Comment:
price playing out as expected had a drop to the trendline lets see if we will get the upward movement or will price just break the trendline and fall
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.