WaveAnalysis

GBPJPY Short Trade Setup

Short
OANDA:GBPJPY   British Pound / Japanese Yen
Although my expectation is a bigger correction under the blue trendline, the upward movement can be a complete correction, and we can have a strong downward impulse. That's why I want to take a short trade and see what will happen next. I'm waiting for a valid trade setup to place a pending order.

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.