🏛GBP_JPY RISING WEDGE AT KEY LEVEL↘️SHORT🔥

Feb 8, 2021

☑️GBP_JPY is very bullish at the moment
However, the pair has reached a strong resistance level
Which you can see on the 3 day chart on the left, which is a bearish signal.
Then, on the 3h chart on the right you can see a rising wedge pattern formed
Which is a bearish sign for us as well!

Therefore, we can expect a pullback from the strong level+pattern
Which is why we are waiting for the breakout of the wedge for confirmation
And then we will short the pair with 3 targets in sight!(IF breakout happens)
SHORT!↘️
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Feb 9, 2021

Note

Target 1 reached!