This is GBPJPY on the 4hr timeframe trapped inside an ascending channel, price is currently on a high and a psychological key level of 166.000
price already made a first rejection on the resistance area of 166.000
Will price make another rejection to form a second rejection and give a double top (M-formation) for a sell
We react to what we see
Watch out
1. Double top formation
2. Price action candlestick
3. Market behavior
price already made a first rejection on the resistance area of 166.000
Will price make another rejection to form a second rejection and give a double top (M-formation) for a sell
We react to what we see
Watch out
1. Double top formation
2. Price action candlestick
3. Market behavior
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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.
Related publications
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.