Price needs to break down from Red-Box then we can have a pullback in the smaller RedBox for a Short Position.
The Target will be around PRZ ( 24,000 ~ 22,000 $ ) which can have a Pump in Price of +30K $
Watch out for a Bearish signal!
IF it's not broken down from the Red Box it will fail the Bearish Scenario.
We will update it soon.
4-hour Best Fit Pitchfork on GBPJPY. A perfect touch of the lower parallel. The median, while no to the pip touches, does appear to be a consolidation zone. There is also a nice touch of the upper parallel with the turnaround confirmed by TAB29. This pitchfork is one to keep an eye on for future trade opportunities.
