GBPJPY- SHORT
Hey Traders!
NEW week, NEW opportunities!
This setup is one of my favourite for this week. We can see the Daily Trendline has just been broken and a descending trendline has just begun to form. I am looking for the following confluences before I will enter: 1) a touch on the previous level of structure highlighted in pink, 2) a retest off of both trendlines, 3) a reaction off of a fibonacci level or levels and lastly 4) a bearish candle close on the 1HR with the next candle breaking below the previous closed price! The 40EMA has already been broken so I already have one confluence so lets hope the others play out!
Lets have a good week!
FOLLOW ME FOR MORE ANALYSIS AND SET UPS!
NEW week, NEW opportunities!
This setup is one of my favourite for this week. We can see the Daily Trendline has just been broken and a descending trendline has just begun to form. I am looking for the following confluences before I will enter: 1) a touch on the previous level of structure highlighted in pink, 2) a retest off of both trendlines, 3) a reaction off of a fibonacci level or levels and lastly 4) a bearish candle close on the 1HR with the next candle breaking below the previous closed price! The 40EMA has already been broken so I already have one confluence so lets hope the others play out!
Lets have a good week!
FOLLOW ME FOR MORE ANALYSIS AND SET UPS!
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