GBPJPY.... THE PERFECT SHORT OPPORTUNITY
Hello guys,
GBPJPY has approached a monthly supply zone but this does not mean I am expecting an overall massive reversal. If you look on the weekly timeframe, the pair is quite bullish in structure but I think its more of a bullish trap that a bullish move. Since price took out liquidity of the previous weekly high and is at a supply zone, it should be expected that price will use this liquidity to create a complex pullback which I will use to takeout the previous weekly low.
If you are interested in this short trade, ensure you go on LTFs to be get confirmation to enter a short trade once price hits the sell zone (red ellipse).
Like and follow for more.
BR
David
GBPJPY has approached a monthly supply zone but this does not mean I am expecting an overall massive reversal. If you look on the weekly timeframe, the pair is quite bullish in structure but I think its more of a bullish trap that a bullish move. Since price took out liquidity of the previous weekly high and is at a supply zone, it should be expected that price will use this liquidity to create a complex pullback which I will use to takeout the previous weekly low.
If you are interested in this short trade, ensure you go on LTFs to be get confirmation to enter a short trade once price hits the sell zone (red ellipse).
Like and follow for more.
BR
David
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.
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.