GBP/JPY - Bearish Channel Broke, Retesting Previous Support
Updated
Zoom in and you'll see that it's also retesting the neckline of the double top to the downside.
Confirmations for SHORT:
- Bearish Channel broke
- M formation on top
- Retest of previous support, now turned resistance
Confirmations for SHORT:
- Bearish Channel broke
- M formation on top
- Retest of previous support, now turned resistance
Note
If you go to the daily timeframe, its forming a head and shoulders with a doji as a head for another confirmation
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