GBPJPY Outlook 4/2
Updated
GBJPY has been consolidating and the direction in unclear, however my bias is short because it just mitigated an OB AND shifted structure on lower TF.
That being said there is a lot of bullish pressure in the pair so it could keep pushing but i am expecting a deeper retracement. Actual trades taken off live price action.
That being said there is a lot of bullish pressure in the pair so it could keep pushing but i am expecting a deeper retracement. Actual trades taken off live price action.
Note
Potential sell opportunity early in the week.
Note
Trade Idea Trade closed: stop reached
SLd. Monday should have been an observation day. Lesson learned. Still bearish on this pair. Would short at this level IF and ONLY IF we get a BOS down from this move.
Let the algo show you its hand.
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