GBPJPY same short entry

Hi traders:

Here on GBPJPY, no surprise has similar price action like other JPY pairs as well.

In my posting on AUDJPY and NZDJPY, all the USD and JPY pairs had a massive bearish move, and now forming deeper corrections.

These are all good indications that we can see more sell opportunities once the correction is complete.

Look for sell setups from th top of the structure.

Thank you

评论:

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Price is at a good area now, forming a channel while going up correctively, look for first correction down to enter.

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Price broke out of the channel, and formed a confirmed correction.

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Wait for this correction to develop. It will determine if we are going to break lower and complete the larger structure on the higher time frame, or we can see a reversal to the top of the structure, and still go down from there.

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Price dropped down to the bottom of the structure now. Look to secure profits. Will monitor the pair for further downside move. Wait for correction to enter more short.