I'm Looking To SELL GBP/JPY Reasons Below
1. Possible Rising Wedge Continuation Pattern On Weekly Chart
2. Price Is Currently Retraced At The 38.2% Of The Previous Bearish Move On The Weekly (Popular Reversal Area For Trend Continuations)
3. Previous High (153.66 Area) Has Yet To Be Broken (As Of 1/8/18 @ 7:15 PM (est)
4. Possible Bat Formation Forming On Hourly Chart
5. Divergence Forming On H1
Done @ 1/8/18 @7:18 pm (est)
1. Possible Rising Wedge Continuation Pattern On Weekly Chart
2. Price Is Currently Retraced At The 38.2% Of The Previous Bearish Move On The Weekly (Popular Reversal Area For Trend Continuations)
3. Previous High (153.66 Area) Has Yet To Be Broken (As Of 1/8/18 @ 7:15 PM (est)
4. Possible Bat Formation Forming On Hourly Chart
5. Divergence Forming On H1
Done @ 1/8/18 @7:18 pm (est)