Bias Bearish
Fundamental Analysis
Japan government is likely to take action to strengthen JPY.
GBP is holding and waiting for the right time to reduce interest rate
Price Action:
Price is still extremely bearish. No sign of consolidation. Price pullback and test the H4 S/R. the breakout of H4 S/R show us the strong bearish movement without consolidation. Trade setup is based on breakout of S/R level of lower TF to go towards Higher TF SR level.
Set up:
Short trade set up at broken H4 SR level retest. SL at H4 2x ATR (20) and targeting Daily TF next low SR level. R:R 1:3
Fundamental Analysis
Japan government is likely to take action to strengthen JPY.
GBP is holding and waiting for the right time to reduce interest rate
Price Action:
Price is still extremely bearish. No sign of consolidation. Price pullback and test the H4 S/R. the breakout of H4 S/R show us the strong bearish movement without consolidation. Trade setup is based on breakout of S/R level of lower TF to go towards Higher TF SR level.
Set up:
Short trade set up at broken H4 SR level retest. SL at H4 2x ATR (20) and targeting Daily TF next low SR level. R:R 1:3
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.
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.