In our last GBPJPY analysis, we thought we'd make another high before reversing. However, it appears that wave 5 was an ending diagonal to complete the entire 5 wave move.
We are now looking for any opportunities to sell GBPJPY. On lower timeframe, we can look for corrections and sell on the breakdown of the corrections.
GBPJPY 8H
Trade Idea:
- Watch for the break of the current correction
- Once correction breaks, enter with stops above the correction
- Targets: 160 (650pips), 158 (850pips)
Goodluck and as always, trade safe!
We are now looking for any opportunities to sell GBPJPY. On lower timeframe, we can look for corrections and sell on the breakdown of the corrections.
GBPJPY 8H
Trade Idea:
- Watch for the break of the current correction
- Once correction breaks, enter with stops above the correction
- Targets: 160 (650pips), 158 (850pips)
Goodluck and as always, trade safe!
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Crypto: t.me/Crypto_Wick
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