Dont go dirty long on GBPJPY

FX:GBPJPY   British Pound / Japanese Yen
457 7
Hello , Many top traders are suggesting longs on this pair i have complete opposite view for the past week for so. I am looking to sell the D leg down. Also we have a very good example of bump and run reversal pattern which i have highlighted on the chart. Wait for 4 hour to go overbought levels before selling. Daily wants to come down before going up so a move up as predicted by many traders is very unlikely.
Almost time to sell. 4 hour close to being overbought. Stops outside the structure
Comment: Most likely we will have a setup next week now. Have a good weekend.
Let's see if we are right !! same idea here

+1 Reply
Nice work Fxtoronto.
+1 Reply
AkashGaur fstrader1
Thank you :)
been short since Wednesday looking for a 61.8 entrancement - also greetings from downtown Toronto!
AkashGaur ClaytonD
Good to know a fellow trader from downtown. Best of luck with the trade mate
Good luck with this idea
AkashGaur ianpatton
Did some other trader post a long or something again? LMAO
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