GBPJPY H8 - Short Setup
We bounced as much as 1.5R this morning, but as mentioned in the technical rundown, we are starting to lose bullish momentum. Each time we pull to support (seller control), buyers can't seem to bounce any higher.
Typically signals a possible bear break in the pipeline, very similar to what we have marked on BTC.
Our confirmation is a break and retest of support, confirmed seller break and market relief for short entries down to 153.
We bounced as much as 1.5R this morning, but as mentioned in the technical rundown, we are starting to lose bullish momentum. Each time we pull to support (seller control), buyers can't seem to bounce any higher.
Typically signals a possible bear break in the pipeline, very similar to what we have marked on BTC.
Our confirmation is a break and retest of support, confirmed seller break and market relief for short entries down to 153.
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FREE Telegram: t.me/Trade_Simple_FX
Website - stan.store/TradeSimpleFX
Instagram: www.instagram.com/trade_simple_fx
e-Mail: info@tradesimplefx.com