GBPJPY - long - The Beast may end the correction
Updated
The Beast may end the correction this week.
My analysis is based on time projections and on important structure observations to the left.
For entry use some price action potentially soon to come (e.g. bullish candle formaion in 4H-chart)
Stoploss 10 pips below that price action signal.
Next target: 154-156 Something is going to happen end of the months around the red vertical line in the target box.
* this is not a trade call!
* it's your own risk which should not be more than 1% of your account in this trade.
My analysis is based on time projections and on important structure observations to the left.
For entry use some price action potentially soon to come (e.g. bullish candle formaion in 4H-chart)
Stoploss 10 pips below that price action signal.
Next target: 154-156 Something is going to happen end of the months around the red vertical line in the target box.
* this is not a trade call!
* it's your own risk which should not be more than 1% of your account in this trade.
Note
wait for break of 1 h descending upper trendline, then wait for retest of trendline and then consider opening a buy trade.Note
1 hour chart
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