NDOBObanks

GBPJPY SHORT WITH 2 CONFLUCENCES

Corto
NDOBObanks Actualizado   
PEPPERSTONE:GBPJPY   Libra esterlina/Yen japonés
List of confluences:


1: Trendline Breakout
2:Key Level Breakout and Change in Market Structure


When looking at the larger time frames, we can see that GBPJPY remains bearish . We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend.
We have listed 2 reasons as to why we will be looking to short/ sell the pair. The trendline breakout on the daily chart signals the end of a bear market rally. This is followed by the breakout of a key level
which has been holding for about 3 months since June 2022. With that being said we might see an aggressive sell of GBPJPY.
Operación cerrada: precio stop alcanzado:
We will be monitoring price and remain on the side-lines for now. We do not promote over trading. If a setup is confirmed we only enter once. When a stopped is reached, we consider the trade to have reduced in probability. This means the quality of the setup is no longer A+ setup.
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