We are bouncing around a 4HR/Daily area. I'm looking for a bearish signal to take it short to about the 164.200 area . If it continues bullish to above the 169.00 area this would be invalid . EIGHTCAP:GBPJPY
Here we are seeing some rejection from the previous pivot point and current pivot point . We see a bit of a fake out at above R1 and a move back down . What we are looking for is a short to about the 1.60980 area for TP1 . Waiting on price action confirmation for entry . Let us know your thoughts in the comments below and let's get this money !
OANDA:EURNZD
1hr SHORT entry . We could of possibly entered at today's R1 since there was a pull back close to previous day's Pivot point , but to play it safe we waited for price action to reach under today's pivot point as well as yesterday's S1 which was large bearish engulfing candle . Let me know what you think in the comments . Happy trading and let's get this money !
