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SamanthaMednik

GBPJPY Intraday Analysis (400 Pips GAINED Last Week!)

Short
British Pound / Japanese Yen (FX:GBPJPY)  
SamanthaMednik Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis
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trendanalysis chartpattern beyondta
The Market's Open! Last week's analysis and daily updates will be linked in "Related Ideas" below. The marked up Price Ranges were all caught moves! Today, GJ's at a STRONG key level at the top and approaching a previous high's resistance along with my trend line. The price should reject this entire area and drop down to the lower trend line before going long to reach liquidity in the golden ellipse. Reversal Patterns are created on each levels touch, therefore we will be looking for a pattern once price's at our entry. As always, wait for confirmation and be prepared for a reversal straight towards the upside. Big moves ahead! Comment below your thoughts on my idea <3
Trade active:
Enter!
Trade closed: target reached:
While waiting for a sell confirmation, we received a break through for the trending buy instead up to liquidity. Target was reached for 60-80 Pips! Now we’re getting ready for a short position reversal.

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