GBPJPY - has been showing a lot of bearish momentum these last few weeks and we can see this continuing down. We have found a nice are (marked in yellow) where price seems to push up to and then just reject. It isn't something I trade but it is kind of like a supply and demand zone. As soon as price reaches it's target it sells off.
Now, we can see this has happened again in the last few days. Personally, we can see that this will continue down to our bullish trend line where we will then wait for it to break this trend and then we will get into a sell on the retest.
Trading is so simple guys don't let people confuse you to what you see on the screen :)
Now, we can see this has happened again in the last few days. Personally, we can see that this will continue down to our bullish trend line where we will then wait for it to break this trend and then we will get into a sell on the retest.
Trading is so simple guys don't let people confuse you to what you see on the screen :)