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RaynLim

GBPJPY: Sideway Bounce

Short
British Pound / Japanese Yen (FX:GBPJPY)  
RaynLim  
FX:GBPJPY   British Pound / Japanese Yen
Candlestick Analysis Support and Resistance Chart Patterns askforex100 GBPJPY sidewaybounce Candlestick analysis countertrend
5
0
candlestick supportandresistance chartpattern askforex100 gbpjpy sidewaybounce candlestickanalysis countertrend
Having a sideway bounce setup before market close for Xmas, pose 2 possibilities, a break and close above or a reversal trade.

The opportunist can look for a shorting opportunity as it gives great Rewards and the conservatives traders can wait for a bearish engulfing as a further confirmation to engage the trade.

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