British Pound / Japanese YenUpdated GBPJPY - Potential sell
Watching GJ carefully for potential selling opportunity
Analysis:
Monthly resistance down trend angle
86% Fib daily pullback
Daily resistance
inner counter-trend line break
did not enter yet, waiting for sign of strength for sellers. Waiting for outer trend line break bearish.
SL - above daily zone
TP - around price 155.069
Analysis:
Monthly resistance down trend angle
86% Fib daily pullback
Daily resistance
inner counter-trend line break
did not enter yet, waiting for sign of strength for sellers. Waiting for outer trend line break bearish.
SL - above daily zone
TP - around price 155.069
Note
Entered at counter trend breakTP - 152.256
SL - 155.081
5.0 Lot size
Note
Still holding my position, if resistance fail I will exit my trade. Boy is GJ being stubborn!Note
GJ forming a wedge, with RSI divergence. Excited to see if sellers can take control. Still holding my positionTrade closed: stop reached
Despite ALL the signs for GF to sell-off it ended up stopping out
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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.