GBPJPY: Key Level Ahead!!! What To DO:

30 thg 3, 2020

GBPJPY is close to a key daily structure.

pay attention to how the price is contracting on 4H.
it is just coiling in a rising wedge pattern showing the local bullish exhaustion!

our trading plan is the following:
let's wait for a bearish breakout of its support and sell the pair.

Target levels will be: 130.660 / 127.1

stop will be above the higher high within the wedge!

Attention here: I don't say that the market will just drop,
we need a breakout condition to be met before shorting!


please, support the idea with like and comment!
thank you!