GBPJPY has broken south of the upwards channel, giving us an even strong signal to the downside.
1. Daily RSI in sell zone
2. Up trend line broken south.
3. Strong bear candle close.
4. Large time frame still bearish.
Look to enter near backside of up trend line. (Past support becomes new resistance)
Entry 1 @ 136.75
Entry 2 @ 137.20
TP 1 @ 133.60
TP 2 @...
After an astonishing 1,000 pip Bearish wave to the Downside & a 800 pip Bullish Corrective wave to the upside, GPYJPY is showing a promising opportunity for a Short.
Market Structure Forming a Double-Top "M" Pattern on the H4 Time-frame & New Supply Zone.
See the Candle-Stick Break towards the Downside & Retest of the 20 Exponential Moving Average to imply the...
my analysis is showing NO SIGNALS for a downtrend im anticipating a RISE before a
4 level fall down to a major support and potentially lower
keep in MIND that the weekly CHART is still in a very strong uptrend with NO confluence CANDLES indicating any down trend what so ever
look for 3-5 signals before entering any long positions
set stop losses and STAY SAFE...