British Pound / Japanese Yen

Short

Updated

GBPJPY Weekly Sell - daily pinbar high rejection

We have noticed that GBPJPY has formed its third bearish wave with a huge daily pinbar. We predict that once the current structure is broken by a 4hr bearish candle, there will be a high probability for the price to drop to the 161.248 area.
We will wait for the formation of a 4hr bearish candle before entering this trade.

Note

It is running smoothly:

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Note

Respect higher timeframes:

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Note

Closed with +2%

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We can reenter again as it just retraced.

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Closed at the entry:

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Also on:

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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.

Also on:

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.