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GBPJPY Analysis August 23, 2020

GBPJPY Analysis August 23, 2020

On the weekly timeframe we are rejecting a level of resistance. Overall we are in a downtrend but have been trending bullish for a weeks now. On the daily timeframe we formed a large bearish engulfing candle at the end of last week off of the resistance level . On the H4 timeframe we just broke structure and ideally need to wait for the formation of a LH before entering.

from Trading Ideas
via gqrds

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