GBP/JPY bearish divergence on 4hr chart? Short

British Pound/Japanese YenFXCM

Description

⋅ Feb 26, 2019 1:13 PM

Testing my analysis skills so i was wondering due to the bearish divergence on the 4 hour chart could it be a potential short? comments and opinions are welcomed. https://uk.tradingview.com/chart/1oCC2PrD/

Comments

Cryptoforexmarket

⋅ Feb 26, 2019 2:41 PM

I believe short is coming

UnknownUnicorn216436

⋅ Feb 27, 2019 7:59 AM

Good trade mate

KealyFarmer

⋅ Feb 27, 2019 12:40 AM

I would say a pull back before going up.

ITSSRHN96

⋅ Feb 27, 2019 1:34 AM

@KealyFarmer, how would i measure the degree of the pullback with accuracy before it goes back up? Fib retracement?

KealyFarmer

⋅ Feb 27, 2019 1:41 AM

@ITSSRHN96, I am waiting for a pull back to my monthly trend line area which is 145.000 or even slightly below and with wait for candles to indicate the buy.

KealyFarmer

⋅ Feb 27, 2019 1:42 AM

@KealyFarmer, Well thats what I'm hoping ;-)

Cryptoforexmarket

⋅ Feb 26, 2019 10:22 PM

GBPS pairs must come down however before going up it it chooses

Cryptoforexmarket

⋅ Feb 26, 2019 10:21 PM

ya very carful

ApexFX_Pro

⋅ Feb 26, 2019 10:03 PM

Have to be careful trading GBP with Brexit about.