grantpilling26
Short

GBPJPY - Breakout - Short Opportunity

FX:GBPJPY   British Pound / Japanese Yen
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3
GBPJPY - looking to go short on breakout, it seems to have followed the trend line all the way down to a strong line of resistance and if the break does come..could continue down to the next level which is level of support picked out on the daily chart .

moving averages look nice

RSI pointing down

HTF confirming a down trend

i would be looking to enter upon retest

Of course i could go the complete opposite way out of the wedge but time will tell!

Comments

Worked out very nicely!
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