GBPJPY Sell Setup
已更新
Hello traders:
Looking at GBPJPY for bearish continuation price action.
We see price was correctively moving up in this parallel type of ascending channel, and from the top we see price impulse out of the channel.
Such strong momentum, breaking out impulsively will require a correction structure to continue the sell.
I see two possible scenarios:
-Price either made a corrective push up, forming a potential right shoulder for the H and S pattern and sell from the top
or
-Look for continuation correction now and enter once we see a confirm breakout from that structure
Look for the lows of the higher time channel structure as a potential long term target.
Thank you
Looking at GBPJPY for bearish continuation price action.
We see price was correctively moving up in this parallel type of ascending channel, and from the top we see price impulse out of the channel.
Such strong momentum, breaking out impulsively will require a correction structure to continue the sell.
I see two possible scenarios:
-Price either made a corrective push up, forming a potential right shoulder for the H and S pattern and sell from the top
or
-Look for continuation correction now and enter once we see a confirm breakout from that structure
Look for the lows of the higher time channel structure as a potential long term target.
Thank you
注释
注释
Waiting for this correction to complete注释
Look for more corrections to get in the sell down. 
相关出版物
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。