UnknownUnicorn3817558

GBPJPY_4th week of Aug 2021

Short
FX:GBPJPY   British Pound / Japanese Yen
Price made an impulsive bearish move for the past 3 weeks and now in the process of correction

At this moment there is still HL & LL structure and would love to see if the price making another new low

My bearish bias would be at the break of ascending structure

Price may retest to the next area (grey box) which gives better RR to short from that level
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.