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GBPJPY IDEA

Oleh vaishakbhandary333
After a 175 Pip move yesterday into the daily resistance, we seem to have rejected right off of it and moving bullish. Though the overall trend still seems as bearish I would expect sells to be much faster than buys due to the overall trend on the higher timeframes. If trend is your friend and the way Bullish Momentum is being pretty slow, I would think that looking for sells below the Daily Resistance would be a excellent choice as post that you have clean candles to the left to replicate from and the overall HTF Trend then coming into picture in a better manner. For those who look for patterns on charts, we seem to have formed a Head and Shoulders Pattern and if that is any form of confluence then Sells are the way to go!
GBPJPYpriceactionanalysispriceactiontradingprieactionstrategyTrend Analysis
vaishakbhandary333

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