GBPJPY - 2H - Consolidation after the first impulse down.

I expected one more downwave in this market, which starded today after breaking the upward dashed blue trendline. now we are consolidating before we might see another impulse down. So look for breakout sells.

Comment:

Im currently alot short in jpy related pairs or markets so im looking for a bit of a hedge long.
this i think is a great opportunity so play for some more consolidation if we can break recent swing highs.

Trade active:

hedge active.

Trade active:

stopped out and reversed.

Trade closed: stop reached:

stopped out breakeven on my short, now that we broke to the upside, i will be looking for longs, but i will release a new idea for this