GBPJPY Polar Bear
Bias Bearish
Fundamental
JPY increase interest rate
GBP likely to adjust interest rate tomorrow. expecting high volatility
Price Action
Price consolidated at Daily SR level. Price rejected from the bearish TL and broke out of consolidation. Move bearish movement expected
Confluence
Daily SR level, H4 bearish TL H1 Consolidation broken SR level
Setup
Short trade entry at H1 broken SR level.
SL 2x ATR(20)
TP Next Swing low RR 1:8
Fundamental
JPY increase interest rate
GBP likely to adjust interest rate tomorrow. expecting high volatility
Price Action
Price consolidated at Daily SR level. Price rejected from the bearish TL and broke out of consolidation. Move bearish movement expected
Confluence
Daily SR level, H4 bearish TL H1 Consolidation broken SR level
Setup
Short trade entry at H1 broken SR level.
SL 2x ATR(20)
TP Next Swing low RR 1:8
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