GBPJPY POTENTIAL SHORT OPPORTUNITY
Hello Everyone!
How are you all?
GbpJpy is a pair to watch this week, because it has shaped up very nicely for a sell trend continuation that we can capitalize on.
So, I will be looking for a sell continuation because of the following reasons:
1. The overall trend is bearish
2. The price has formed a continuation structure.
3. The price is rejected the value area.
Game Plan:
If the price forms a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
How are you all?
GbpJpy is a pair to watch this week, because it has shaped up very nicely for a sell trend continuation that we can capitalize on.
So, I will be looking for a sell continuation because of the following reasons:
1. The overall trend is bearish
2. The price has formed a continuation structure.
3. The price is rejected the value area.
Game Plan:
If the price forms a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
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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.
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.