Lingrid | GBPJPY short Opportunity from CONFLUENCE Zone

21 feb

GBPJPY market made an impulsive leg followed by a pullback. The price broke and closed below the 191,000 level before pulling back to retest it. Subsequently, the price broke above the previous day's high but formed a double top in this area. On the 4H timeframe, we can observe a long-tailed bar, indicating rejection at this level. I anticipate that the price will continue to move downward, retesting the recent support level, and I expect the weekly candle to close as a full-body bearish candle. My goal is support zone around 189.000

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

23 feb

Trade chiuso: obiettivo raggiunto

Target Done +143 pips 🥰👏