PULEMokhothu

GBP / JPY 151240 -0.09 % SHORT IDEA * TREND CONTINUATION

Short
FX:GBPJPY   British Pound / Japanese Yen
HELLO EVERYONE

HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE POUND / YEN.

-The pair is trading in that descending channel with significant momentum towards the downside.
- Upon open today we've been in the formation of a bear-flag possibly signalling continuation.
- Targeting both the FIB EXT on the pair should we rally down to break below on this one.

here's where we where in the past week.


* looking for trend continuation on this pair.

IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________

* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________

| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE

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.