GBPJPY Structure Completion, Look for Sell Now
Hello everyone:
Seeing GBPJPY for sell opportunities as it has completed its higher time frame channel structure.
The price has been moving up in this channel since the bearish drop from early June. What I like about the price is that it is correcting itself up to the top.
The latest price action is not break above the channel structure, and price has been slowing down.
Once I see price has formed that reversal structure from the top, and broken out of it, then I have the positive confluences now to look for sell entries down.
Any lower time frame corrections within the channel or broke out of it would be ideal to add in the sell.
Thank you
Seeing GBPJPY for sell opportunities as it has completed its higher time frame channel structure.
The price has been moving up in this channel since the bearish drop from early June. What I like about the price is that it is correcting itself up to the top.
The latest price action is not break above the channel structure, and price has been slowing down.
Once I see price has formed that reversal structure from the top, and broken out of it, then I have the positive confluences now to look for sell entries down.
Any lower time frame corrections within the channel or broke out of it would be ideal to add in the sell.
Thank you
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