GBPJPY is in na up channel retracement. Looking for a move to the long term trendline and then a short position trading on the way down.
CORRELATION FOR THE LONG
1-SUPPORT
2-UP CHANNEL
3-HIT AT THE 50% of long move up
4-LOOKING FOR ENTRY AT CONVERSION OF LONG MOVE 38.2 AND LAST MOVE 50%
5-RSI DIVERGENCE
6-LOOKING FOR THE CREATION OF A NEW TREDLINE INSIDE THE CHANNEL
CORRELATION FOR THE LONG
1-SUPPORT
2-UP CHANNEL
3-HIT AT THE 50% of long move up
4-LOOKING FOR ENTRY AT CONVERSION OF LONG MOVE 38.2 AND LAST MOVE 50%
5-RSI DIVERGENCE
6-LOOKING FOR THE CREATION OF A NEW TREDLINE INSIDE THE CHANNEL