GBPJPY SHORTS! 200 PIPS!
Updated
- GJ has created a head and shoulders pattern on the 4-hour timeframe.
- GJ has created a doji on the weekly timeframe, displaying signs of a reversal.
- GJ hasn't had a daily pullback in 21 days, it's overdue for a higher timeframe retracement.
- The JXY has created a double bottom, showing signs of strength.
I believe GJ will be bearish for the next week or two, my bias is sells.
Let me know if you agree or disagree in the comments.
- GJ has created a doji on the weekly timeframe, displaying signs of a reversal.
- GJ hasn't had a daily pullback in 21 days, it's overdue for a higher timeframe retracement.
- The JXY has created a double bottom, showing signs of strength.
I believe GJ will be bearish for the next week or two, my bias is sells.
Let me know if you agree or disagree in the comments.
Trade active
Please be aware that this is a swing trade opportunity, you might have to hold this trade for 1 or 2 days.
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