BethZu
Short

Price is being rejected by the downside of an up trend line...

FX:GBPJPY   British Pound / Japanese Yen
So for me it is a good moment for short... what u can see?...
Looked like it was a re-test of the support line to see if it had turned into resistance, and apparently it had not. From a textbook perspective, probably a good bet. However, those ones where the line is upward sloping seem like they don't often make for good resistance, if for no other reason than that they can't continue to force the price down, like a downward sloping line might do. At least that's what I think I have noticed, but I could be wrong. Also, at that point, you were risking getting caught up in an EW, although it doesn't look like one eventually materialized, but maybe one did if you zoom out a time-frame and/or turn off heikin-ashi
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