GBJPY shorting setup! History repeats itself!
Identical setup as before, however on a shorter scale-
In both cases:
-Reversal just under 0.382 fib level
-Reversal at earlier support level on daily chart
Other reasons to short:
-Continuation of bearish trend
-Strong Japanese Yen
-Weakening GBP
Overall, short if you want some pips (In my opinion).
Safe and successful trading!
In both cases:
-Reversal just under 0.382 fib level
-Reversal at earlier support level on daily chart
Other reasons to short:
-Continuation of bearish trend
-Strong Japanese Yen
-Weakening GBP
Overall, short if you want some pips (In my opinion).
Safe and successful trading!
