GBPJPY Short Trade Setup
Updated
Hello traders.
GBPJPY has a great potential for downside just like GBPUSD. Shart down move can be starting of the new weekly impulse, but it is still in the corrective structure. A small flag, what I'm waiting for, then I will take a short trade.
My weekly and daily analysis are:
GBPJPY has a great potential for downside just like GBPUSD. Shart down move can be starting of the new weekly impulse, but it is still in the corrective structure. A small flag, what I'm waiting for, then I will take a short trade.
My weekly and daily analysis are:
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I can't say for sure, but I think this type of corrective structure is in the making. I'm waiting for an up impulse as C wave. Then I will take short trade. If it makes a correction here for more downside, I will sell. 
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