Double Top at minor resistance sets up a potential GBPJPY short
Updated
Markets have closed after setting up a double top at previous structure resistance.
This has set up a good risk to reward ratio should price produce a move down to the support level.
Market is at resistance; market has put in a double top; RSI is showing bearish divergence; a few signs pointing down.
I will be shorting when market opens.
This has set up a good risk to reward ratio should price produce a move down to the support level.
Market is at resistance; market has put in a double top; RSI is showing bearish divergence; a few signs pointing down.
I will be shorting when market opens.
Comment
Be aware of the bullish trend on the higher time frame. This short is an opportunity to gain profits before a retest of the higher time frame restistance level
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