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GBPJPY is diving down
British Pound / Japanese Yen
Short
GBPJPY is diving down
By NhatHoang123
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Aug 25, 2020
1
Cheer
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Aug 25, 2020
I saw a strong resistance line that price reacted to. It reversed 4 times, and this 4th time is definitely going to be the next bearish reversal move.
First TP used to be a resistance line, now it broke out of it. Chances are, once price reaches that level, it will bounce back, so that's my first TP.
Second TP is actually this week's close. Price, on a weekly basis, usually reacts one way or another to that close.
And that's all I got, good bye.
Candlestick Analysis
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Good Risk/Reward
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