GBPJPY Short

80
Price has broken out of the upward trend line and printed a lower low, and looks be forming an equal high, i am anticipating a move to the downside, to retest previous lows.

Awaiting candlestick reversal pattern

confluences -
Double Top
Lower low
rejection of higher time frame downward trend line

I don't like however that price is above the 4 hourly 50ma and so I may wait for a convincing close below this moving average.

I've got multiple targets for this trade which I don't usually do but I want to see closely how price reacts with each support which may cause price to reverse, 1/3 R/R to my first target.

כתב ויתור

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