GJ Sell
GBPJPY, Retest 1h Trend Line
DAILY: I see that price was in an uptrend. It pulled back 50% and passed -61.8 on the daily FIB and reversed + there's bearish divergence.
4HR: I see that price is in a downtrend, respecting the highs. Price pulled back to 78.6 on the 4HR fib and continued down.
CURRENTLY: I see that price is in an downtrend. Price retraced to 61.8 and is still respecting the highs in the downtrend. There's also Bearish divergence on the 15m RSI
I am looking for price to pull back to the 1HR trendline at support/resistance area and make a push down to -61.8 on the 1HR FIB
(80 to 120 pips)
DAILY: I see that price was in an uptrend. It pulled back 50% and passed -61.8 on the daily FIB and reversed + there's bearish divergence.
4HR: I see that price is in a downtrend, respecting the highs. Price pulled back to 78.6 on the 4HR fib and continued down.
CURRENTLY: I see that price is in an downtrend. Price retraced to 61.8 and is still respecting the highs in the downtrend. There's also Bearish divergence on the 15m RSI
I am looking for price to pull back to the 1HR trendline at support/resistance area and make a push down to -61.8 on the 1HR FIB
(80 to 120 pips)
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