GBPJPY: Your Trading Plan For Today 🇬🇧🇯🇵

17 May 2022

Hey traders,

GBPJPY is approaching a very peculiar zone of confluence on a 4H:
we see a perfect match between a horizontal resistance, falling trend line
and fib.retracements of the last two impulses.

To catch a bearish move from the underlined zone,
wait for a breakout a bearish flag pattern.
You need 4H candle close below its support to confirm that.

Then a bearish continuation will be expected at least to 156.55 level.

If the price breaks the blue zone to the upside,
the setup will be invalid.

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

18 May 2022

Not

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