GBPJPY - Short Trade Idea
GJ Short Orders Active!....
What are we expecting?
- JPY Strength - GBP weakness = GBPJPY Short Trades.
What is our confirmation?
- Price has Completed its 5th Wave
-The Daily TF is looking like profit taking has been took out of the markets coming into tomorrow HIGH Impact GBP News.
- Use GBPUSD For added confluence as they mirror each other.
- JPY Strength
Where shall we enter?
- We can enter a safe position once lower structure level has been broken (Blue Structure) as this will confirm our wave count is correct.
- Simple Break & Retest for added confluence.
Once entered where will our SL BE?
- SL will be above blue structure zone for safe SL
Targets?
1- 164.000
2 - 160.000
What are we expecting?
- JPY Strength - GBP weakness = GBPJPY Short Trades.
What is our confirmation?
- Price has Completed its 5th Wave
-The Daily TF is looking like profit taking has been took out of the markets coming into tomorrow HIGH Impact GBP News.
- Use GBPUSD For added confluence as they mirror each other.
- JPY Strength
Where shall we enter?
- We can enter a safe position once lower structure level has been broken (Blue Structure) as this will confirm our wave count is correct.
- Simple Break & Retest for added confluence.
Once entered where will our SL BE?
- SL will be above blue structure zone for safe SL
Targets?
1- 164.000
2 - 160.000
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.
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.