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David.Cooper

GBPJPY Channel breakout with divergence confirmation

Short
British Pound / Japanese Yen (FX:GBPJPY)  
David.Cooper  
FX:GBPJPY   British Pound / Japanese Yen
SELL short setup GBPJPY resitance divergance Trend Lines
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sell short setup gbpjpy resitance divergance trendline
If the price breaksout of the bullish channel with an area of consolidation or a pullback to the previous SR zones for a last kiss we can expect a sell. If not, the price could continue to make higher highers and get rejected at the trendline. Divergence can be seen on the MACD 4C confirming the halting trend.
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