GBPJPY SHORT

22 thg 4, 2020

Price has been on a consistent downtrend for months, trading below all EMA's indicating we should look to short. In addition, price is sitting at a key resistance right at the 50-61.8% fib zone. Price is also looking to create a head and shoulders pattern. What i'm looking is for price to break that neckline and retest, forming a new lower high. If price can do that as well as reject that zone to the upside, I'll be inclined to short.