POSSIBLE COUNTER TREND TRADE - GBPJPY - 4 HOUR CHART
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4 HOUR CHART
- price making lower lows and lower highs
- 144.827 level has been tested as S/R multiple times (looking left)
- 144.827 was resistance but now is acting as support
TARGET
- looking for price to pullback towards the previous lower low which was level 146.211
- if price reaches this level, will be looking for trend continuation trades to the downside
4 HOUR CHART
- price making lower lows and lower highs
- 144.827 level has been tested as S/R multiple times (looking left)
- 144.827 was resistance but now is acting as support
TARGET
- looking for price to pullback towards the previous lower low which was level 146.211
- if price reaches this level, will be looking for trend continuation trades to the downside