Timeframe: 4H
GBPJPY broke through a bullish TL on the daily and weekly charts, so I have a short bias on this pair. This setup is a simple bearish ABC+BRC trade, however the pair appears to be at a previous low on the weekly chart, which could cause issues if it forms a double bottom.
GBPJPY broke through a bullish TL on the daily and weekly charts, so I have a short bias on this pair. This setup is a simple bearish ABC+BRC trade, however the pair appears to be at a previous low on the weekly chart, which could cause issues if it forms a double bottom.