GBPJPY SHORT Setup
GJ has followed the ideal wave projection from the weekend and has approached the entry bubble that completes the B leg to
and ABC Zig Zag pattern. On higher timeframes, GJ has respected a major resistance level and we may be looking at the start
of a medium to long term bearish trend for the Sterling vs Yen couple. I will be placing my positions in the bubble. Let me know
what your thoughts are on GJ for the coming month, I would love to learn a few things from some new perspectives.
I hope the trading week started well for you. I will be updating the progress below, do stay tuned. Thank you
Targets:
-153.770----> 153.420
-152.590----> 152.250
and ABC Zig Zag pattern. On higher timeframes, GJ has respected a major resistance level and we may be looking at the start
of a medium to long term bearish trend for the Sterling vs Yen couple. I will be placing my positions in the bubble. Let me know
what your thoughts are on GJ for the coming month, I would love to learn a few things from some new perspectives.
I hope the trading week started well for you. I will be updating the progress below, do stay tuned. Thank you
Targets:
-153.770----> 153.420
-152.590----> 152.250
Trade active
Stop loss placed above Daily Resistance of 155.700
Note
Stop Loss moved to break even.
Note
If you happened to miss the first major entries twice, GJ is providing a
continuation entry opportunity as a breakout and retest of the correction
channel
Trade closed: target reached
Targets 1 and 2 hit. Even with the re-entry
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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.