Gbp/Jpy Short setup!!! Confluence with Cot Data

I am still super Bullish on Gbp/Jpy but based on what the market is telling us. we could see a pullback before a continuation. which comes in confluence with the cot data. institution are heavily buying Yen. so we could see a light pullback. to grab liquidity before move to upside.

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Trade active:

we saw price did as i indicated. finding liquidity on a psychological level around 141.000 lol and smaller timeframe we clearly see a shift of momentum to downside

Comment:

structure was broken in lower timeframe. so that could have been your entry lol

Trade active:

this is how i monitor my valid trade setup