SwingingPrime

GBPJPY Sell Setup ~960pips

Short
SwingingPrime Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Price has been in a correction on the Weekly and Daily Timeframes, with multiple break of structure to signify a bearish momentum.
Price has currently consolidated and is distributing at the dynamic support turned resistance.
I would be looking to sell GBPJPY for about 960pips to 153.99.

**As always, trade cautiously.
Trade active:
nice!
Trade active:
Wow! Price has just been melting all morning!
Trade active:
I would be looking to add positions when price pulls back. I also refined my TP to the 161.8 expansion.
Comment:
Comment:
no setup, no entry.
Comment:
Trade active:
Comment:
Trade active:
Nice!
Comment:
Price hit BE and has broken key structure. I would be looking for a sell entry. GBPJPY

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.