Short GBPJPY
Updated
ABC correction on GBPJPY, wait for a set-up to short at the resistance line with the rejection candle on 4H as confirmation. Moving averages are sloping down, showing a downtrend direction on this pair.
Note
take 100 pips in profit, move SL to breakeven and let the rest run
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.