What we see on GBPJPY is quite clear and nice, price showing bearish pattern just on the top, with strong momentum to down.
Sor far we waiting for price to show more bearish signals and ofc we wait for the price to be back to our strong resistance level which is drawn by orange area.
Finally set our 1:5 order and go with new trend ...
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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.