GBPJPY Short
We have said before that we have a short bias on this pair.
The market then pushes up and found resistance on the Head & Shoulders neckline and start consolidating. We knew there was going to be a breakout, but considering our bias is short, we then placed an entry on the resistance, and the market breaks out to the downside.
As of now we still have a SHORT bias on this pair, until we get a break and close above 137.500 Level. We could also be forming a Head & Shoulders pattern on the 30m Time Frame. We placed a limit order on 136.000 even. It was 6 pips away from being triggered, but we will leave it there and wait until we either get stopped out or hit targets once the limit is active.
*DO NOT TRADE THIS ANALYSIS BLINDLY*
That's my thoughts about this pair, let me know what's on your mind down in the comments!
The market then pushes up and found resistance on the Head & Shoulders neckline and start consolidating. We knew there was going to be a breakout, but considering our bias is short, we then placed an entry on the resistance, and the market breaks out to the downside.
As of now we still have a SHORT bias on this pair, until we get a break and close above 137.500 Level. We could also be forming a Head & Shoulders pattern on the 30m Time Frame. We placed a limit order on 136.000 even. It was 6 pips away from being triggered, but we will leave it there and wait until we either get stopped out or hit targets once the limit is active.
*DO NOT TRADE THIS ANALYSIS BLINDLY*
That's my thoughts about this pair, let me know what's on your mind down in the comments!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.