GBPJPY Sell Signal
2019-12-13 14:56:57
Pattern: Parabolic rise on 1D.
Signal: Bearish as it is approaching a Symmetrical Resistance level (rejected the price 8 times since 2016) with the RSI on 3 year highs.
Target: 137.000 (Symmetrical Support).
*Such long term symmetries are useful and quite accurate. I have successfully implemented this approach on my last GBPJPY buy signal:
https://www.tradingview.com/chart/GBPJPY/Lcrq45u0-GBPJPY-Lower-Buy-Signal/