GBPJPY - End of Correction then Next Move Down.
Following the breakdown of the short term up-trend, I am expecting a continuation of the down-trend beginning with a small short trade on the 15m timeframe once correction completes. I have removed all indicators and counts from the chart.
Note
Correction ended sooner then expected and moved to target. I took trade after the small consolidation that happened just after the trend line break.Trade closed: target reached
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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.