GBPJPY Short Idea
We can see the following:
- A break of an ascending 4H trendline, a retest and failure to make a higher high.
- A new descending trendline has formed showing lower highs and lower lows.
- The monthly chart RSI is showing that the pair is overbought.
Once the markets open, I would like to see the following before entering a short position:
- An impulse to the downside.
- The pair trading below the 50 and 200 EMA on the 4H chart.
Please like and follow if you enjoyed my analysis.
- A break of an ascending 4H trendline, a retest and failure to make a higher high.
- A new descending trendline has formed showing lower highs and lower lows.
- The monthly chart RSI is showing that the pair is overbought.
Once the markets open, I would like to see the following before entering a short position:
- An impulse to the downside.
- The pair trading below the 50 and 200 EMA on the 4H chart.
Please like and follow if you enjoyed my analysis.
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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.