GBPJPY - SHORT BIAS.
Are we seeing the decline in GJ bullish momentum coming to an end?
What are we expecting?
- JPY Strength - GBP weakness = GBPJPY Short Trades.
What is our confirmation?
- Price has Completed its 5th Wave
-The Daily TF is looking like profit taking has been took out of the markets coming into tomorrow HIGH Impact GBP News.
- Use GBPUSD For added confluence as they mirror each other.
- JPY Strength
Where shall we enter?
- We can enter a safe position once lower structure level has been broken (Blue Structure) as this will confirm our wave count is correct.
- Simple Break & Retest for added confluence.
- Negative GBP News Release.
Once entered where will our SL BE?
- SL will be above blue structure zone for safe SL
Targets?
1- 164.000
2 - 160.000
Are we seeing the decline in GJ bullish momentum coming to an end?
What are we expecting?
- JPY Strength - GBP weakness = GBPJPY Short Trades.
What is our confirmation?
- Price has Completed its 5th Wave
-The Daily TF is looking like profit taking has been took out of the markets coming into tomorrow HIGH Impact GBP News.
- Use GBPUSD For added confluence as they mirror each other.
- JPY Strength
Where shall we enter?
- We can enter a safe position once lower structure level has been broken (Blue Structure) as this will confirm our wave count is correct.
- Simple Break & Retest for added confluence.
- Negative GBP News Release.
Once entered where will our SL BE?
- SL will be above blue structure zone for safe SL
Targets?
1- 164.000
2 - 160.000