GBPJPY outlook (sell)
Updated
After 4H structure was broken and we saw perfect retest before next move down confirmed usthat we ready for downtrend continuation on weekly overview (Weekly candle closed bearish engulfing)
GBPJPY is now meeting some major daily support with down trendline at the same time.
If we see break and retest, we will be looking for some excact sell setups and jump on downtrend continuation.
Be careful of huge pullbacks, GBPJPY is very aggressive pair (Also be careful on potential weekend gaps, which might be coming today).
Trade with proper risk management and caution.
GBPJPY is now meeting some major daily support with down trendline at the same time.
If we see break and retest, we will be looking for some excact sell setups and jump on downtrend continuation.
Be careful of huge pullbacks, GBPJPY is very aggressive pair (Also be careful on potential weekend gaps, which might be coming today).
Trade with proper risk management and caution.
Comment
You can see that GJ is still respecting downtrend trendline on 1H/2H/4H timefraes perfectly, now is breaking some major keys as I saidComment
Breaking supportive trendline + Daily support!Trade active
After Absolutely perfect retest of daily support on M30/M15 we were active... Hope you caught the wave. First TP on touching trendline around 139,5 areaComment
Its bouncing of support trendline. If we will see break + retest, then there is next position to short GBPJPYTrade closed: target reached
Target Reached as I said in updates (touching trendline). There is big probability for GJ go more lower, but i took most profits at 139.3 (100 pips). Congratz to everyone who took my idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.