This is GBPJPY on the 4hr timeframe trapped inside an ascending channel, price is currently on a high and a psychological key level of 166.000
price already made a first rejection on the resistance area of 166.000
Will price make another rejection to form a second rejection and give a double top (M-formation) for a sell
We react to what we see
Watch out
1. Double top formation
2. Price action candlestick
3. Market behavior
price already made a first rejection on the resistance area of 166.000
Will price make another rejection to form a second rejection and give a double top (M-formation) for a sell
We react to what we see
Watch out
1. Double top formation
2. Price action candlestick
3. Market behavior
