GJ short-term reversal as it can't break support (day trading)

GJ is now at an interesting phase. It is trying to break the support zone of 155.48 but is not getting enough momentum. So What I am expecting is it will go up for few hours/days and then push down with a greater force/momentum. So Going long for few hours (its scalping or day trading)


Logic for going Up:
1) It cant break the support of 155.48 support zone. It seems like the support is really strong.
2) There are two 4H RSI divergence at the bottom which indicates reversal.
3) Additionally an accumulation is building up at 155.50 zone .. So big players are taking their positions
4) Specially when there is a downfall/short of GJ then it happens very quickly. But here it is taking much more longer time than expected.


Logic for going Down:
1) Daily chart is suggesting that it is going down.
2) There is not enough profit for the big guys who build accumulation at 157.10 zone so they might try to push the price down.
3) Price cant break the support after several tries so it might test if it can go up slightly and then go down


Decision: I will open a long position at 155.50 with Hedge lock at 154.8 price point. Please note this is a very short term trade and I'll most like close the trade after few hours or tomorrow (before UK session starts)

My Position:
GBPJPY: LONG @ 155.50
TP: OPEN / 156.20 (TP1) /156.80 (TP2)
SL/Hedge Lock : 154.80

Comment:

Still holding my LONG position. Because it has created a better 4H RSI divergence at the bottom. so it is giving me more confidence of a short term reversal.

Comment:

Anticipating a lot of wild move today .. GJ is able to break the support .. but the thing to watch if thats a real break out or fake breakout .. I am closing my hedge lock trade of 154.80 at breakeven and created another hedge lock at 154.30

Trade closed manually:

Things are not going as per the analysis so closing all the position before weekend with loss