manuseijas82

Possible SHORTS after breakout and retest.

Short
OANDA:GBPJPY   British Pound / Japanese Yen
We see price has been consolidating in a range in the Daily and 4h TF. You can wait until price breaks this support or resistance (as we don't know where it could go), and go long/short after the breakout and the retest, taking into account price action.
But, if you want to play it more agressively and it fits your trading style, there's a possible trade in sight.
Price climbed up the trendline, broke this, consolidated near 139.890 with a possible short scenario after BO & RT (breakout and retest) down to 139.260
R;R : 2 (fair enough)

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.