Hey Traders! Today i analysed GBPJPY, if u can see whe are clearly in a strong downtrend on the HTF (4H) this moment my bias is Shorts bacause whe have enough bearish presure/room to go futher down. What do i look for when i gonna enter? I wanna see a strong push to the downside breaking level 183.400 and i wanna see a nice pullback and retest around that level...
Today we saw a nice trade opportunity, we are currently in a strong uptrend which is why I also only looked for trades to the upside, level (153.190) was rejected and I saw a bullish candle appear afterwards then I went to the 15M timeframe and placed my sl and on the 1H my tp level.
GBPUSD ANALYSIS > SHORT POSITION (11-5-2021) - Today we looking for trades to the downside (bearish) because we saw multiple rejections at level 41600! i will keep you informed of the development of the trade setup.
What do you people think is going to happen? Let us know in the comments - Please follow me for more daily analysis. GBPCHF 9-5-2021
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My first trade analysis gbpusd 8-5-2021