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TomBray1

GBP/JPY Short

Short
British Pound / Japanese Yen (FX:GBPJPY)  
TomBray1  
FX:GBPJPY   British Pound / Japanese Yen
Support and Resistance Supply and Demand Candlestick Analysis gbpjpyshort GBPJPY Forex daytrading Double Top breakandretest supportandresistancezones supply_and_demand candlestickpattern
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supportandresistance supplyanddemand candlestick gbpjpyshort gbpjpy forex daytrading doubletop breakandretest supportandresistancezones supply_and_demand candlestickpattern
Hi Guys,

I'm looking to take this short on GJ.

We have currently witness price print a perfect double top at a strong level of supply / resistance

Price has now broken through support which we are anticipating to act as resistance

We are now waiting for our entry which could either be a depletion of buying pressure and a new presence of selling pressure (wick rejections / bearish candlestick pattern)

This is near enough a perfect set-up but nothing is guaranteed.

This is where patience is vital.

Let me know what you guys think?
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