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GBPJPY More Downside, Watch For Continuations
British Pound / Japanese Yen
Short
GBPJPY More Downside, Watch For Continuations
By jojofang0901
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Updated
May 25, 2022
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May 16, 2022
Hello traders:
GBPJPY has show good bearish price action since end of April, and we could potentially see more bearish downside.
From the HTF we can see the overall price has hit a top of a higher time frame structure, and signs of bearish reversal move down.
On the lower time frame, a Head and Shoulder pattern has formed, price impulse down, broke previous lows, and formed possible continuation correction.
Good idea to look for confirmed impulse out to of the continuation correction for best entries down to the next lows.
Thank you
May 17, 2022
Note
didnt see this correction complete
nor bearish impulse to push out
so no entry, no trade
May 18, 2022
Note
May 25, 2022
Note
Chart Patterns
correction
Flag
impulse
Parallel Channel
pattern
priceaction
structure
jojofang0901
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GBPJPY Top Of Structure Again, Wait For Bearish Reversal
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