FullTimeTrader
Short

GPBJPY-quick short setup-convergence divergence

FX:GBPJPY   British Pound / Japanese Yen
539 3 8
Hello, this is a quick setup to scalp some pips using convergence-divergence setup.
On H4 chart we see a convergence, price is now doing a pullback
snapshot


Here on H1 chart price is ready to test the trendline , my prefered level to entry is the 0.61 fib, just at tha resistance level .

I will place a sell order limite there

1st. target: last lows
2nd. target: 1.27 fib projection

Regards.
trendline and resistance***
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does the break of trendline resistance mean its bullish now?
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thank so much..
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