GBPJPY Shorts (Cont.) 2/2
1. Downtrend (strong)
2. Key resistance/OB area being rejected AFTER sweeping liquidity
3. MAJOR pullback
4. High RSI (78 on M15)
5. Lines up with Trendline (just a little thing that adds on as part of confluence)
All the signs are there, I would say the 1-4 points being the key.
That's really my breakdown/how I view the trade. Huge R potential here, once again.
2. Key resistance/OB area being rejected AFTER sweeping liquidity
3. MAJOR pullback
4. High RSI (78 on M15)
5. Lines up with Trendline (just a little thing that adds on as part of confluence)
All the signs are there, I would say the 1-4 points being the key.
That's really my breakdown/how I view the trade. Huge R potential here, once again.
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