PriceActionTrading

GBPJPY SHORT AT SUPPORT TURNED RESISTANCE

Kort
FX:GBPJPY   Brittiska pund/Japanska yen
SELL AT 176.95 WITH PRESENCE OF CONFIRMATION.

ANALYSIS IS WRITTEN CLEARLY AT CHART TOO.
SELL AT SUPPORT TURNED RESISTANCE
TRIPLE BOTTOM BROKEN, UNBELIEVABLE
W1 BEARISH ENGULFING
USUALLY WHENEVER I SEE A BEARISH ENGULFING AT W1 I WILL PLACE A SELL AT 50% OF THAT BAR.
176.95 WILL BE NEAR THE H4 50SMA AND 20SMA

THIS TRADE WILL STILL NEED CONFIRMATION AND IS NOT A SELL ON TOUCH.
OBSERVE THIS TRADE AT THE H4 LEVEL AS THIS REQUIRE A FAKEY CONFIRMATION AT 176.95.
PRICE SHOULD NOT CLOSE ABOVE 177.
IF IT DOES CLOSE ABOVE, THE NEXT H4 BAR MUST CLOSE BELOW 177. MUST.

MY H4 CHART FOR BETTER CLARITY REGARDING SUPPORT TURNED RESISTANCE

SUBSCRIBE LIKE AND COMMENT MY IDEAS IF YOU AGREE OR DISAGREE.
REALLY HELPS TO SEE MY IDEAS BEING APPRECIATED.
HAPPY PIPPING
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