GBPJPY - Sell (30 min, 1 hr, 2 hr, 3 hr, 4 hr)
This morning we missed the FIB buy and we were looking for a reentry on the buy which often times happens and it did but it didn't last long before price was heading towards a stronger fib which was on ever time frame including the 4 hour.
⭕️We found confluence at the 137.200 institutional level
⭕️We found confluence on the 4 hour time frame: Support and Resistance
⭕️We found confluence on the 1 hour, 2 hour, 3 hour and the 4 hour, price respected the 38% for a fib short which is confluence that the fib short was ran from the correct legs which is what caused price to shoot up drastically out of nowhere to the 137.200 level before plummeting
⭕️EMA lines had already crossed on the 15 min, 30 min, 1 hour and 2 hour time frames
⭕️We found confluence at the 137.200 institutional level
⭕️We found confluence on the 4 hour time frame: Support and Resistance
⭕️We found confluence on the 1 hour, 2 hour, 3 hour and the 4 hour, price respected the 38% for a fib short which is confluence that the fib short was ran from the correct legs which is what caused price to shoot up drastically out of nowhere to the 137.200 level before plummeting
⭕️EMA lines had already crossed on the 15 min, 30 min, 1 hour and 2 hour time frames