GBPJPY - Diverging demand levels approaching- 4HR
RSI and AO Divergence suggesting a slow down.
I will be trading the break out of the falling wedge, plenty of pips here and sections to trade if we move up.
Bat completing in the area
Current support area resting on Monthly Pivot.
Failure here could also present a nice sell opportunity to 136-137, there is quite a lot or room before support
I will be trading the break out of the falling wedge, plenty of pips here and sections to trade if we move up.
Bat completing in the area
Current support area resting on Monthly Pivot.
Failure here could also present a nice sell opportunity to 136-137, there is quite a lot or room before support
Note
Dropping down to the 1HR we can see room for more downside.Note
quick 70 pip scalp into target zoneWaiting for buy setup
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Related publications
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.