Gbpjpy - short setup based on structure and harmonics

British Pound / Japanese Yen (FX:GBPJPY)

FX:GBPJPY British Pound / Japanese Yen

Hello here we have a complex structure which we are looking to sell. Also have a bat pattern possible which increases our odds on this setup. Break of the trendline will change the structure and we will no longer consider shorts for now.

snapshot

this is what we have right now

snapshot

Break of trendline will change the structure to a flat

snapshot

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.