GBPJPY 4HOUR DOWNTREND & ENTRY POINT SHORT
Continued downtrend on the 4H.
Confirmed by the MA's.
Currently ranging, however a break below and a daily close below the monthly trend line will solidify my entry.
Short entry clearly pointed at 153.3. (educational purposes only!!)
Patience until it is no longer ranging in the area of interest (shaded blue).
Confirmed by the MA's.
Currently ranging, however a break below and a daily close below the monthly trend line will solidify my entry.
Short entry clearly pointed at 153.3. (educational purposes only!!)
Patience until it is no longer ranging in the area of interest (shaded blue).
Note
A daily close below the entry line will confirm my entry.Note
Waiting to see how this pair plays out on Monday to confirm entry point.
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