GBPJPY, TIME FOR THE BEARS TO RUN?
Hello Traders,
After the break on the bigger structure in GBPJPY, we have set our eyes in a potential short position, with a second correction settled, now will be the perfect opportunity to enter, but, before doing so, we would like to see the 3rd touch in the correction, followed by a Doji or some kind of retracement in the 15/30M charts.
We have our eyes set at the 141.00 mark, but to achieve that price we will need to break the support level, all tho, we can make an easy 100 pips by entering the 3rd touch.
If you fail to miss the entry in the 3rd touch, you can look for an entry after the correction is broken, the risk/reward will not be as good, but you will still be able to get a good 1/2!
Best of lucks,
GlobalYouthTrading
For more updates about forex join our free telegram group: https://t.me/Globalyouthtradingfree
After the break on the bigger structure in GBPJPY, we have set our eyes in a potential short position, with a second correction settled, now will be the perfect opportunity to enter, but, before doing so, we would like to see the 3rd touch in the correction, followed by a Doji or some kind of retracement in the 15/30M charts.
We have our eyes set at the 141.00 mark, but to achieve that price we will need to break the support level, all tho, we can make an easy 100 pips by entering the 3rd touch.
If you fail to miss the entry in the 3rd touch, you can look for an entry after the correction is broken, the risk/reward will not be as good, but you will still be able to get a good 1/2!
Best of lucks,
GlobalYouthTrading
For more updates about forex join our free telegram group: https://t.me/Globalyouthtradingfree
Catatan
Price keeps moving laterally, however, now we have a big corrective channel.We are still expecting a drop anytime soon!
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