GBPJPY h1 potentially forming rising wedge reversal pattern, due to stochastic time frame h1 has been at the overbought level, gbpjpy maybe there will be a price correction before continuing the bullish trend , time to do take profit action for a short term buyers???
We have a very beautifully market constellation. The price reached the 1,618 extension of the privious bearish leg. The 0,382 retracement of the current bullish leg is exactly the previous leg. Thus, I look for a confirmation of a upcoming correction to go short. Taking RSI into consideration, it shows divergence already.
What do you think?
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