GBP/JPY Intraday Bearish
Updated
Morning Traders!
Look at that beautiful rally there! Finally volatility is back on the pair! :)
So we had 3 bullish consecutive days, breaking all resistances. Price is now on a major resistance, so i expect it to bounce from there to the next support level, which is coincident with the 0,23% of Fibonacci level of the last beautyful bullish impulse.
I will wait for a confirmation on a M15 time frame to short it.
Good Trading Traders!
Look at that beautiful rally there! Finally volatility is back on the pair! :)
So we had 3 bullish consecutive days, breaking all resistances. Price is now on a major resistance, so i expect it to bounce from there to the next support level, which is coincident with the 0,23% of Fibonacci level of the last beautyful bullish impulse.
I will wait for a confirmation on a M15 time frame to short it.
Good Trading Traders!
Note
Here is the major D1 resistance.Note
Wait for the break outNote
Market sooo slow.. Will it start falling now?Trade closed: stop reached
Nop, not going down, it is a continuation triangle. Bulls still on market.
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