GBPJPY - Lack of momentum!

In our previous idea

GBPJPY bounced hard from a support level which is supposed to bounce the prices back, However, , looking closely to the current market structure shows a lack of momentum which suggest that the market would distribute for a while before going back to test 06/18/2019 low!

Take this scenario into consideration and wait for the market to show slippage before deciding to short the market


To be updated...

评论:

A better estimation if the market showed slippage

评论:

here it's more clear one

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Well done, the market didn't show any slippage so the first scenario took place!

I'll target a short trade right now but let me first update the analysis