Wave-Trader

GBPJPY Short term counter trend trade form top

Short
Wave-Trader Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Hi there,

GBPJPY is in strong bullish trend and setting up for next breakout. We are having short term counter trend trade from top on GBPJPY.

Watch price action at the flat top for sell. If flat top does not hold and test the previous top with corrective moves so look for sell from previous high.

(THIS SETUP WILL BE INVALIDATED IF PRICE BREAK THE TOP SHARPLY )

This trade is against the trend so trade with care and use reasonable risk.

Good Luck
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