GBPJPY Bearish Set Up

20 Nis 2019

The Weekly closed bearish, daily closed with a bearish body with rejection of the buyers, and the 4 Hr has done a break of previous support. I'm anticipating a retest of previously broken structure to continue the bearish momentum. The yellow zones are take profit areas, or places where you could scale-in to hit the end target - which is a Weekly Wick Fill. Price also closed below the 200 EMA on 4 hr, so this could drop nicely.

22 Nis 2019

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