GBPJPY - DAILY Short Idea
GBPJPY - DAILY Short possibilty
We see a completion of a Shark pattern, but I am not sold on entry here.
Only resistance is a pin bar there not something calling us into a trade just yet
We have been oversold for weeks
We have seen some slowing on the 4HR while in the oversold area, would be perfect to note this on the DAILY too for insurance.
4HR
We see a completion of a Shark pattern, but I am not sold on entry here.
Only resistance is a pin bar there not something calling us into a trade just yet
We have been oversold for weeks
We have seen some slowing on the 4HR while in the oversold area, would be perfect to note this on the DAILY too for insurance.
4HR
Note
1HRWe see a great divergence trade, but only reactionary and not reversal
We need to see this setup on the 4 HR and if possible DAILY for the reversal
Its perfect the reversal always on the retest of overbought after in the xtreme with price moving higher.
Note
Moving along strongly to our ideal setup, to be fair, we are still a week off any form of confirmation of a reversal.But we have this setup and we are waiting for ie.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.