forexopl

GBP/JPY Short - Daily TF

Short
FX:GBPJPY   British Pound / Japanese Yen
1
Currency Strength: GBP -1, JPY +7

On the daily we have a bearish V-formation. We will wait for price to enter our zone (between the two dotted blue lines) to go short. Flip down to a 4 hr TF to read candle/price action to determine suitable area to enter. TP will be at the test of recent lows ( Green line).
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.