GBPJPY is in an obvious downtrend on the 4H timeframe. Price has pushed and now we just wait for the pullback for an entry with confluence.
3 possible trading opportunities:
-Short entry when price fails to make a higher high
-Short entry at the retest of the previous LL that was broken
-Short entry when the most recent LL was broken and retested
-Long entry when a higher high is made and it retests
3 possible trading opportunities:
-Short entry when price fails to make a higher high
-Short entry at the retest of the previous LL that was broken
-Short entry when the most recent LL was broken and retested
-Long entry when a higher high is made and it retests
