ITSSRHN96
Short

GBP/JPY bearish divergence on 4hr chart?

FX:GBPJPY   British Pound / Japanese Yen
Testing my analysis skills so i was wondering due to the bearish divergence on the 4 hour chart could it be a potential short? comments and opinions are welcomed. https://uk.tradingview.com/chart/1oCC2PrD/

Comments

I believe short is coming
+2 Reply
Good trade mate
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I would say a pull back before going up.
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ITSSRHN96 KealyFarmer
@KealyFarmer, how would i measure the degree of the pullback with accuracy before it goes back up? Fib retracement?
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KealyFarmer ITSSRHN96
@ITSSRHN96, I am waiting for a pull back to my monthly trend line area which is 145.000 or even slightly below and with wait for candles to indicate the buy.
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KealyFarmer KealyFarmer
@KealyFarmer, Well thats what I'm hoping ;-)
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GBPS pairs must come down however before going up it it chooses
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ya very carful
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Have to be careful trading GBP with Brexit about.
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