GBPJPY POTENTIAL SHORT OPPORTUNITY
Hello Everyone!
How are you all?
GbpJpy is a pair to watch this week, because it has shaped up very nicely for a sell trend continuation that we can capitalize on.
So, I will be looking for a sell continuation because of the following reasons:
1. The overall trend is bearish
2. The price has formed a continuation structure.
3. The price is rejected the value area.
Game Plan:
If the price forms a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
How are you all?
GbpJpy is a pair to watch this week, because it has shaped up very nicely for a sell trend continuation that we can capitalize on.
So, I will be looking for a sell continuation because of the following reasons:
1. The overall trend is bearish
2. The price has formed a continuation structure.
3. The price is rejected the value area.
Game Plan:
If the price forms a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
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