Will drop from that supply zone.
Those who missed this train on breakout, can take it on pullback, in case that happens.
GBPJPY is approaching supply zone. Sell on the breakout of trend line.
Wait for breakout of trend line and then short it.
I have given a trade on this on daily chart as well. Anyone looking for a quick result can take this H1 ride.
Breakout of trend line on daily chart. Retraced almost up till 0.618%.
The previous setup is no longer valid as the pair has broken through the trend line above from 2001. Next possibility is the rejection at daily horizontal resistance and breakout of trend line. A breakout of trend line in that case, on H1, will be GO signal for the sellers.
Sell on the breakout of trend line from up there. Candle Stick patterns can be crucial near daily trend line above.
Standing under daily resistance for the second time. It is under daily trend line from Dec 2020; has made double top on smaller time frames. A breakout of trend line on H1 is a GO signal for the sellers.
The pair is in channel. If all went well and the pair had its way to the top of channel again,a trend line break on H1 would be a GO signal for shorting the pair.