GBPJPY SHORT with Potential Reversal

2020-03-09 19:26:29

Short on GBPJPY.

On the right side of the screen is the 15 minute time frame to the horizontal support line as the first target (Approx 75 pips away from current position. Take partial profits and let the rest ride. Although, price MAY reverse from here and start going up to the top of the Trading Range.

On the left side (Higher Time Frame), we are in a Trading Range.
At the moment we are continuing down and may fall down to the major support line for a big move of approximately 670 pips. However from here to the bottom, i'm looking for potential reversals for a move up to the top band of the Trading Range.