GBPJPY waiting for breakout wedge and rejection to short it
Been watching this one for some days now, have been waiting patiently because i wanted to wait out all the fake bear trap moves before shorting it. The ones who don't have a lot of experience in FX trading, sometimes it's textbook trading but other times there are so many fake moves as well. Key is having patience and trying to get an extra edge in recognizing the traps by staying out. Now this doesn't mean i won't get trapped if i will short it when it follows one of these 2 blue lines. But at least i have saved myself from that yellow bear trap and the possible current upwards move.
Previous analysis:
Previous analysis:
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