GBPJPY Short Trade Setup
Hello traders. I wish a nice week to all of you.
I'm looking for short trade setups in this pair. Down move can be reversal impulse and the last up move can be the correction. Based on this possibility, selling it after breakout looks like a good idea. But please wait for a small flag after breakout because there is a chance for more upside. We have very strong Fib confluence (0.618 retracement and 1.272 extension) around 152.150.
For bigger picture, please check the related idea.
Trade with care
I'm looking for short trade setups in this pair. Down move can be reversal impulse and the last up move can be the correction. Based on this possibility, selling it after breakout looks like a good idea. But please wait for a small flag after breakout because there is a chance for more upside. We have very strong Fib confluence (0.618 retracement and 1.272 extension) around 152.150.
For bigger picture, please check the related idea.
Trade with care
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