(4 HOURLY) GBPJPY (SHORT)
-Description
potential false breakout, price closed above channel but was unable to sustain this and re-entered the channel. i am anticipating price to fall to the support of the channel or moving averages may act as dynamic support so, i am anticiapting 2 enteries, 1st held till moving average (dark blue MA), 2nd held till channel support.
potential false breakout, price closed above channel but was unable to sustain this and re-entered the channel. i am anticipating price to fall to the support of the channel or moving averages may act as dynamic support so, i am anticiapting 2 enteries, 1st held till moving average (dark blue MA), 2nd held till channel support.
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