Short GBPJPY! Reversal
As we can see that GBPJPY was in bullish trend for several days but then a bearish divergence formed on RSI and confirmation of its reversal made after it went into the distribution phase. Now next phase we all know that it a descending channel may start. Breakout of the ractangle have already been occured. So we can enter for a short trade keeping our SLs on the resistance of the rectangle.
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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.