Using fixed pitchfork tool to look at the structure at this pair, looking that shorts may just become possible for the GBPJPY
Right now price is at the top of the channel line leaving rejection candles, retouch of this line could happen before going doing.
This exact same area is the 0.618 fibs retracement from the last big move down.
Looking to exit shorts at the confluence zone were fibonel and fibo 0.618 retracement meets.
Right now price is at the top of the channel line leaving rejection candles, retouch of this line could happen before going doing.
This exact same area is the 0.618 fibs retracement from the last big move down.
Looking to exit shorts at the confluence zone were fibonel and fibo 0.618 retracement meets.