A new Bearish setup on GBP/JPY
Taking the divergence, almost triple top patterns into consideration, the market has left us with a plausible bearish cause to decide upon, knowing well that the price is still trending above the trendline.
For a bearish setup to be strongly confirmed, price needs to break below the trendline and also break the previous low (BOS).
Alternatively, if the price happen to break the supply zone, then the bullish run could be targeted towards 164.10.
Watch out.
For a bearish setup to be strongly confirmed, price needs to break below the trendline and also break the previous low (BOS).
Alternatively, if the price happen to break the supply zone, then the bullish run could be targeted towards 164.10.
Watch out.
Note
The Final result on GBPJPY4.5RR won
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.