Okay so, gbpjpy formed a W pattern on the daily chart and whenever such formation happens we want to see the prices to test the neckline of the W.
So, we will be looking for a short position if the rules of our strategies satisfied. I also suggest you to keep this pair on your watchlist and see if your rules satisfies...
Plus from COT data we want to see a downward move so this can be a good trade..
**4hr. is the best timeframe to enter any trade**
If you want any kind of help or support just pm me here....