GBPJPY Short Idea
Weekly: Last two candles were bearish
Daily: has been forming lower highs
4hr: Attempted multiple times to break resistance, (170.8 to 171), failed each time. Therefore bearish Bias based on Daily and 4hr.
1hr: Same story as 4hr, multiple attempts to break resistance but it's not happening. Head and shoulders forming, so looking to sell at a closure of BOS.
Daily: has been forming lower highs
4hr: Attempted multiple times to break resistance, (170.8 to 171), failed each time. Therefore bearish Bias based on Daily and 4hr.
1hr: Same story as 4hr, multiple attempts to break resistance but it's not happening. Head and shoulders forming, so looking to sell at a closure of BOS.
Order cancelled
Close above the resistance area, could indicate we ware going towards 172+
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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.