GBPJPY 20th September 2021 London Session
Weekly/Daily: Bearish bias
30min:
Highlighted some yellow boxes here. You can see that there has been a couple of straight red candles(impulse) earlier on. Thereby, not a surprise that we are consolidating at this moment. (candles side by side)
We might try to retrace higher so the areas I'm watching for rejection are the yellow boxes. If we fail to create support over the yellow boxes as we move up. That's a sign for me to enter some selling.
30min:
Highlighted some yellow boxes here. You can see that there has been a couple of straight red candles(impulse) earlier on. Thereby, not a surprise that we are consolidating at this moment. (candles side by side)
We might try to retrace higher so the areas I'm watching for rejection are the yellow boxes. If we fail to create support over the yellow boxes as we move up. That's a sign for me to enter some selling.