GBPJPY Potential Short
Updated
Potential short opportunity.
- Daily chart previous structure supporting idea
- Structure has put in a lower low
- Currently in retracement from previous resistance level
- Price needs to push into yellow area and show some form of reversal.
- RSI looking on track to overbought.
- Yellow area = to .5 - .618 FIB Retracement level.
- Enter on valid reversal
Daily chart supports structure resistance level.
H4 showing pull back in process with a clear lower low structure
- Daily chart previous structure supporting idea
- Structure has put in a lower low
- Currently in retracement from previous resistance level
- Price needs to push into yellow area and show some form of reversal.
- RSI looking on track to overbought.
- Yellow area = to .5 - .618 FIB Retracement level.
- Enter on valid reversal
Daily chart supports structure resistance level.
H4 showing pull back in process with a clear lower low structure
Note
ATR based stop by the way.Note
No valid reversal, never entered.
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