GBP/JPY - Potential Long
- Price consolidating between two key levels, resistance has been tested and rejected 3 times.
- Strong bearish pushdown, followed by 4 clear rejection wick candles on the 4hr timeframe, looking for a correction to the upside to retest the strong resistance.
- Waiting on 4hr close, break of the previous high on 15m before and entry to go long, alert set for entry.
- Strong bearish pushdown, followed by 4 clear rejection wick candles on the 4hr timeframe, looking for a correction to the upside to retest the strong resistance.
- Waiting on 4hr close, break of the previous high on 15m before and entry to go long, alert set for entry.
Entry: 150.850
TP: 152.066
SL: 150.545