GBPJPY next higher time frame run
Updated
Hi traders:
GBPJPY has begun its bearish move on the lower time frame, good indication that we may resume the higher time frame bearish run.
Overall price action was in the larger deeper parallel channel structure, correcting the price.
We see price was in the ascending channel structure, and had a strong reversal bearish impulse down.
After such aggressive run, naturally price needs to correct itself and form a deeper continuations correctional structure.
Latest price we see price gets push to the upside, and reversal price action begun.
Look for get into this potential HTF bearish move, wait for correction on the LTF to get in the sell.
Thank you
GBPJPY has begun its bearish move on the lower time frame, good indication that we may resume the higher time frame bearish run.
Overall price action was in the larger deeper parallel channel structure, correcting the price.
We see price was in the ascending channel structure, and had a strong reversal bearish impulse down.
After such aggressive run, naturally price needs to correct itself and form a deeper continuations correctional structure.
Latest price we see price gets push to the upside, and reversal price action begun.
Look for get into this potential HTF bearish move, wait for correction on the LTF to get in the sell.
Thank you
Comment
HTF:Comment
Waiting for LTF correction to complete.
Related publications
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.