GBPJPY is a short long term and on higher-time frames however, bears have lost steam, so I see a push to the upside. The rectangle shows major support and the circle is where I would take a short. The blue descending line is a trend line when that breaks I expect a push to the upside. The pink line is where I will close the trade and enter for a short. Entered at 134.064. Best Entry is around 135-134.9 for short. This is my OWN IDEA, use your BRAIN MEATS and your own discretion.
Trade active:
Broke BLUE trendline. be aware of NY session. Im closing this trade and will wait for short in about 2 hours lol. Ny session is brutal
Comment:
HUGE W FORMATION on 4HTF possible GJ long again
Trade closed: target reached:
This hit TP1 which was 30 pips a long time ago, publishing a new idea soon. Thanks for all the support it really is appreciated
SL:133.678