GBPJPY Big Drop is ahead ( Lower degree correction and sell )
Atualizado
Hi there,
We were long on the GBPJPY from bottom and in the middle of the GBPJPY. Looks like the bullish wave is about to end and now time to look for short on the GBPJPY.
How we can trade on this chart.
We are having very nice strong bearish impulse just watch for the retracement against that on lower time frame and look for that correction to breakdown.
You can get in the market before the breakdown or on breakout.
In case price close above the previous high that it will change the bearish setup.
If we are not going to see downside continuation and price is going to turn into a bigger daily correction then we will look for buy back to the previous high.
Hope that will help. If not then follow the updates.
Good Luck
We were long on the GBPJPY from bottom and in the middle of the GBPJPY. Looks like the bullish wave is about to end and now time to look for short on the GBPJPY.
How we can trade on this chart.
We are having very nice strong bearish impulse just watch for the retracement against that on lower time frame and look for that correction to breakdown.
You can get in the market before the breakdown or on breakout.
In case price close above the previous high that it will change the bearish setup.
If we are not going to see downside continuation and price is going to turn into a bigger daily correction then we will look for buy back to the previous high.
Hope that will help. If not then follow the updates.
Good Luck
Nota
Watch this correction. Nota
Please support the setup with your likes, comments and by following on TradingView thanks 
Nota
For Training visit.
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.