GBPJPY SHORTS! 200 PIPS!
- GJ has created a head and shoulders pattern on the 4-hour timeframe.
- GJ has created a doji on the weekly timeframe, displaying signs of a reversal.
- GJ hasn't had a daily pullback in 21 days, it's overdue for a higher timeframe retracement.
- The JXY has created a double bottom, showing signs of strength.
I believe GJ will be bearish for the next week or two, my bias is sells.
Let me know if you agree or disagree in the comments.
- GJ has created a doji on the weekly timeframe, displaying signs of a reversal.
- GJ hasn't had a daily pullback in 21 days, it's overdue for a higher timeframe retracement.
- The JXY has created a double bottom, showing signs of strength.
I believe GJ will be bearish for the next week or two, my bias is sells.
Let me know if you agree or disagree in the comments.
Trade active:
Please be aware that this is a swing trade opportunity, you might have to hold this trade for 1 or 2 days.