GBPJPY Bearish Trend Continuation Trading Opportunity

Short

British Pound / Japanese Yen (FX:GBPJPY)

FX:GBPJPY British Pound / Japanese Yen

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.

Good luck in the markets this week.

See you in the live room tomorrow.

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