GBPJPY - SHORT - DESCENDING TRIANGLE - RSI
Bias: Short
Confluence:
Failed to break monthly resistance (despite bullish impulse)
Currently sitting on a strong daily support
Descending Triangle (buyers struggling to keep the price up)
RSI Divergence (Bearish)
Target is next daily resistance
Confluence:
Failed to break monthly resistance (despite bullish impulse)
Currently sitting on a strong daily support
Descending Triangle (buyers struggling to keep the price up)
RSI Divergence (Bearish)
Target is next daily resistance
Note
a nice high risk entry opportunity
Trade active
Trade closed: target reached
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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.