NOT ADVICE... MY OPINION... TRADE AT OWN RISK
So looking at GBPJPY, we have an obvious impulse, correction, and so now we are looking for another impulse. However, price action has created a descending reversal channel which indicates a push to the upside.
However, looking at the charts, I believe it still favors selling opportunities as selling this pair would mean entering with the selling momentum.
BUT if we do get a reversal, this could imply that a bigger structural reversal pattern may be forming!
However, looking at the charts, I believe it still favors selling opportunities as selling this pair would mean entering with the selling momentum.
BUT if we do get a reversal, this could imply that a bigger structural reversal pattern may be forming!
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