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British Pound / Japanese Yen
Short

GBPJPY short

By StellarKK
Updated
We could see a nice drop on GBPJPY this week, or it could go up one more before making the big move down. If you are unsure of the current structure, wait for the break of TL and a pullback or retest before shorting.

Be patient, wait for your setup before taking the trade.
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Break of smaller TL. Price could go down to the bottom of the wedge. When it reaches, we'll will wait to see how it behaves there before trading further.
Trade active
In the short looking for 3:1 R/R trade, with the potential to go lower if momentum is strong to the downside. Once 1:1 ratio is covered SL will be moved to b/e.
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Chart PatternsGBPJPYgbpjpyshortTrend AnalysisWave Analysis
StellarKK

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