We are looking for GBPJPY sell setup

GBPJPY have completed the small corrective structure, we would be expecting this pair to move down next week. If it goes down slowly then take profit and stay away, it just means corrective structure have become complex.

Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns, Harmonic patterns , Support & Resistance , Chart patterns and Indicators.These methods might be working for so many people but we came to the conclusion that only "Wave Analysis" is powerful enough to make us consistent profitable forex traders.

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What we are sharing here is only our point of view on what could be the next move in the "Forex market" based on Wave Analysis and not signals...

Trade with care
We Trade Waves

Comment:

Take profit or put it to breakeven.