Looking on the four hour chart. Pull back from resistance level could be forming a possible double bottom on a previously tested support line.
Keeping an eye on the close of the 4HR candle if it closes within the zone I will be looking to go long on GBPJPY finding an entry on a smaller time frame.
If it breaks through the support I will then look for a pullback to the support/resistance line then look for a short opportunity.
Only risk what you can afford. This is not financial advice.
Happy Trading.
Nota
PRICE broke through support. Now pulled back into the support/Resistance zone. Confidently Ready to enter a short position with a candle pattern on a smaller timeframe, expecting price to continue to the downside.
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