Hi,
GBPJPY is failing to make higher highs and has come back to this level (green line) multiple times, indicating that price is bearish.
There are equal lows here, meaning there could be potential liquidity pools here where price could probe and immediately reverse back to the upside or price could break this level.
I'm looking for a break and retest of this level for a short.
My S/L and T/P will depend on the developing price action, therefore i have just put in a rough estimate of what it could be.
Will keep you updated.
GBPJPY is failing to make higher highs and has come back to this level (green line) multiple times, indicating that price is bearish.
There are equal lows here, meaning there could be potential liquidity pools here where price could probe and immediately reverse back to the upside or price could break this level.
I'm looking for a break and retest of this level for a short.
My S/L and T/P will depend on the developing price action, therefore i have just put in a rough estimate of what it could be.
Will keep you updated.
Comment:
I still have my eyes on this idea - will update the trade once price breaches this level
Comment:
Still valid