GBPJPY short-term sell on 4H
https://www.tradingview.com/x/asmcPEjR/
GBPJPY 4-hour chart shows price has passed through MAs, MAs have crossed over into a down trend; price has then touched MAs and shown a rejection. I think after the market re-opens price may or may not re-test MAs but will drop to at least last supply zone at around 141.000, should be around 100 pips.
I seem to see this pattern a lot, where the price drops through MAs and then touches them after they cross and continues down, is there a name for it?
GBPJPY 4-hour chart shows price has passed through MAs, MAs have crossed over into a down trend; price has then touched MAs and shown a rejection. I think after the market re-opens price may or may not re-test MAs but will drop to at least last supply zone at around 141.000, should be around 100 pips.
I seem to see this pattern a lot, where the price drops through MAs and then touches them after they cross and continues down, is there a name for it?
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