GBP/JPY Potential Short

24. Sept.

Potential short in the making, recently we got a push back up from the daily low and now we're at the high. I marked these daily levels as zones based off wick and candle close averages. The 2 zones marked off are the most relevant since we can clearing see structure formed. All we need now is to see that transition in trend from up to down on the 4hr or 1hr , favorably the 4hr chart. Wait for the higher low to be broken from the upside trend and execute position on the first lower high to the downside. Heikin-ashi candles can help if things are getting choppy. Stops above daily resistance zone and target the daily support zone.

Educational purposes only. Cheers!

-Michael M.






https://www.tradingview.com/x/O46ANCsk/