GBPJPY - Trendline Base Play
Looking for the lows to be met after the trendline has given way to the downside setting up the whole move.
2 bearish engulfings off the 78.6 retracement on the H4 and H2 timeframe.
Looking for the 161.8 extension which lines up nicely with the trendline structure lows.
2 bearish engulfings off the 78.6 retracement on the H4 and H2 timeframe.
Looking for the 161.8 extension which lines up nicely with the trendline structure lows.
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.