Adil-khan
Short

TCT trade waiting for a pulback in to resistance

FX:GBPJPY   British Pound / Japanese Yen
TCT trade waiting for a pullback in to resistance
These trade ideas are always quite difficult to explain in detail on here but I thought I would share with you anyway.
As this pair has come down to what I call a "decision point", we can see that market has put in a lower low, lower close candle which to me signifies further bearish movement.

Now as I don't trade falling wedge breakouts, descending triangles, flags, pennants etc. I will need to wait for a pull back into previous structure support which should provide a decent area od resistance and then look to ride this pair down.

We will keep an eye on this pair and hopefully get an entry reason.
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