GBPJPY Short

2021年1月17日

Looking for sells on gbpjpy. Price has been trending up and has recently reached long-term resistance so I'm expecting the price to drop. Since the price reached the resistance and the trendline resistance at the same time, I'm waiting for a short position. On it's way up, the price made a term trend so now if the price also break the short term trend, for which it looks like the price is about to, I'll be waiting for fo a break and retest of the trendline and possibly break and retest of the short term recent support. Invalid if the price continues going up, break the long term resistance and trendline and continues pushing further up.