GJ Is still in a heavy downtrend. Iv'e been in since the right shoulder of the H&S pattern. Im currently up over 300 pips on two positions. Now, GJ is selling heavily so price may not reach my zones but its possible, and it if does what I believe it will look for all the confluence and take your position using PROPER RISK MANAGEMENT.
Nice Confluence Area 1. Resistance area/ retest of broken support 2. Price is between 50-61.8 retracement from last drop (High PRZ) 3. Trendline 4. At 32% Retrace for full drop low is 132.422 at the moment (sell that started at 139.75)
I'm Looking To SELL GBP/JPY Reasons Below 1. Possible Rising Wedge Continuation Pattern On Weekly Chart 2. Price Is Currently Retraced At The 38.2% Of The Previous Bearish Move On The Weekly (Popular Reversal Area For Trend Continuations) 3. Previous High (153.66 Area) Has Yet To Be Broken (As Of 1/8/18 @ 7:15 PM (est) 4. Possible Bat Formation Forming On Hourly...