Get on the board next GBP/JPY station is "Hell":(Part 1).
1:Bearish structure:(Short order).Market making LL/LH and respecting Trend line.
2:Market might retest levels of 138.512 or 138.845, then back to 136.780.
3:Market have broken the 200 MA.
4:Market will likely retest golden fibs levels.
5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria.
6:Do look out for Fundamentals of both GBP and JPY.
7:Volume indicator showing power to the bearish side and weakness to the pullback, also showing strong sign of Short opportunity.
8:Risk 0.5% of your total account for long term survival.
Note:This is not a signal, the purpose of this analysis is for education purpose only,Trade at your own risk.
Do comment if you have any questions.
2:Market might retest levels of 138.512 or 138.845, then back to 136.780.
3:Market have broken the 200 MA.
4:Market will likely retest golden fibs levels.
5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria.
6:Do look out for Fundamentals of both GBP and JPY.
7:Volume indicator showing power to the bearish side and weakness to the pullback, also showing strong sign of Short opportunity.
8:Risk 0.5% of your total account for long term survival.
Note:This is not a signal, the purpose of this analysis is for education purpose only,Trade at your own risk.
Do comment if you have any questions.