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jojofang0901
Mar 31, 2021 3:46 PM

GBPJPY Back to Double tops, look for sell reversal Short

GBP/JPYOANDA

Description


Hello traders:

GBPJPY moved up once again correctively to a recent double tops, and we can expect a bearish reversal price action.

We see the first LTF impulse didn't reach the lows of the correction before a bullish reversal up move.

However, the latest price action shows a ascending channel reversal, and another LTF ascending structure, good to see more bearish price action forming.

Look for LTF breakout and continuation correction to sell down to the previous lows again.

thank you

Comment

Comments
look_ambriss
Great idea
jojofang0901
@look_ambriss, thx working out now :)
nlongho
Totally wrong
jojofang0901
@nlongho, looks like playing out exactly what I am looking for :)
frogwartz
@jojofang0901, I have been beating my head against the forex wall for a LONG long time. It never "clicked" until I found your videos. Elegant, simple, no crazy sine waves or "fibonaccis" or any of that nonsense.
YMGroup
as always good analysis
jojofang0901
@YMGroup, thank you :)
famousRice27834
Thank you sir jojo !! God bless!!!
jojofang0901
@famousRice27834, your welcome thank you :)
AtlasTrades
Really like your charts.
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