Add GBP/JPY in your watchlist, it seems it is ready for a potential down move 📉
Things to consider:
1. Big impulse last month, now taking breath
2. Traingle Formation
3. Hidden Divergence in RSI
4. Latest COT report : GBP - Long 43k Short 43k (neutral) JPY - Long 30k Short 85k
How to enter:
1. Study the chart as shown in my analysis
2. Wait until trendline is broken and turned into resistance
3. Entry should be taken on 4hr timeframe for better R:R and enter when moment is downwards
Things to consider:
1. Big impulse last month, now taking breath
2. Traingle Formation
3. Hidden Divergence in RSI
4. Latest COT report : GBP - Long 43k Short 43k (neutral) JPY - Long 30k Short 85k
How to enter:
1. Study the chart as shown in my analysis
2. Wait until trendline is broken and turned into resistance
3. Entry should be taken on 4hr timeframe for better R:R and enter when moment is downwards