GBPJPY Short after monthly level break
Still seeing bearish sentiment with a clean monthly level break, looking for a short bull run for a retest of this monthly resistance, trendline line, and 61.8%-71% retracement level, forming the 4th leg keeping in mind the rule "if wave 2 retraces a little, then wave 4 will retrace a lot" - before bearish continuation. 130 pip risk for a 640 pip reward.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.