I'm looking for a possible sell on GBPJPY.
Updated
'I'm looking for a possible sell on GBPJPY.
The main reason why I started to look for short opportunities on GBPJPY was the rejection and failure to create higher-high around the price zone 166.180 - 166.394. I'm also seeing a possible Head and Shoulder to be completed. Hopefully with the GBP weakening and the YEN gaining some strength.
As long as the price stays below 166 I will personally still be looking for short opportunities as the price is already forming a lower high lower low sequence.
If you enjoy the content, make sure you follow my profile and click the like button.
Break at 164.631 for longer-term selling opportunities.
Take care and trade safe.
All the content I've posted is for educational purposes, please perform your own research and only take it as a reference.
The main reason why I started to look for short opportunities on GBPJPY was the rejection and failure to create higher-high around the price zone 166.180 - 166.394. I'm also seeing a possible Head and Shoulder to be completed. Hopefully with the GBP weakening and the YEN gaining some strength.
As long as the price stays below 166 I will personally still be looking for short opportunities as the price is already forming a lower high lower low sequence.
If you enjoy the content, make sure you follow my profile and click the like button.
Break at 164.631 for longer-term selling opportunities.
Take care and trade safe.
All the content I've posted is for educational purposes, please perform your own research and only take it as a reference.
Note
I had to repost due to a violation of a rule. Sorry about that!Note
So, This week was a bit choppy due to a fake break to the upside. However, as you can see price came right back to my zone of the H&S.
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