GBPJPY Short opportunity
Updated
price may have a back and forth between the 200 & 50ma on 1 hr chart before going lower.
If price breaks 4hr 50ma resistance, Price will continue to 133.36 for stronger Resistance
If price breaks 4hr 50ma resistance, Price will continue to 133.36 for stronger Resistance
Note
Price formed a continuation pattern for the downtrend. waiting for the interaction phase between the 1 hr 50 and 200ma to confirm the overall downtrend. If price closes below 132 level then look for short entries to 129.0 LevelNote
Price action didnt meet set up as outlined, trade is no longer valid.
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