GBPJPY - Sell Opportunity or Trend continuation?

1 août 2020

Daily & H4 uptrend price has been creating higher highs and higher lows. However, price has currently reached a key daily zone where price could potentially reverse as it has previously when price touched our zone and sellers pushed the price down. Also looks like a double top pattern forming. Usually i prefer trading with the trend, but since price has been pushing hard this looks like a good chance to get in on a sell during the exhaustion phase as i'm seeing a lot of confluence. With that being said I will wait for further confirmation I would like to see price show a strong rejection from our zone, and some lower low's and lower high's being formed on the 15min then enter on a break and re-test of structure. If price smashes through our daily zone then i will look to go long on the pull back!