GBPJPY: Double Top + Bearish Engulfing Combo!
After last week's surprise drop in the GBPJPY for me, a new opportunity has opened up!
A double top has formed right about here! and the Weekly candle the previous week has closed, creating what seems to be a large Bearish Engulfing Pattern covering the previous 3 weeks!
Weekly Chart:
Furthermore, price on the Daily has rebounded off a major resistance, which would probably point towards a trend continuation.
Wait for the retest guys! Dont touch it till it does!
Good luck guys! May the pips be with you!
A double top has formed right about here! and the Weekly candle the previous week has closed, creating what seems to be a large Bearish Engulfing Pattern covering the previous 3 weeks!
Weekly Chart:
Furthermore, price on the Daily has rebounded off a major resistance, which would probably point towards a trend continuation.
Wait for the retest guys! Dont touch it till it does!
Good luck guys! May the pips be with you!