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jojofang0901
May 18, 2021 2:33 PM

GBJPY Third Time's a Charm?  Short

GBP/JPYOANDA

Description


Hello everyone:

GBPJPY has once again move up to the top of the overall structure now, and there could be a third opportunity to sell.

We can see from previous 2 sells that pushed down the price, but just failed to break lower and continue.

This is a indication that price is getting ready for a bigger correction, and is still consolidating.

Latest price finally made another move up to the top of the HTF correction, and we see LTF ascending channel correction as well as mini-double tops also.

To confirm the downside move, wait for the ascending channel to complete correcting, and look for strong bearish breakout and continuation correction to get on on the sell.

Thank you
Comments
happyOatmeal23014
Very nice, keep it up!
jojofang0901
KlejdiCuni
I like your idea!
jojofang0901
@KlejdiCuni, thx bro :)
CobraVanguard
Wonderful analysis , STAY AWESOME buddy
jojofang0901
@T_V_TreeTrader, will do you as well thx
MarcellusLUX
Same idea here. A big bearish candle is what we need!
jojofang0901
@SensibullTrading, great nice to hear :)
JuanCrlsTrades
Wonderful! keep it up!
jojofang0901
@JCDeBelen, thx will do :)
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