Short all the damn way.
Below is an analysis I made last week and it still stands. Momentum is to the downside
- GBPJPY
1. Weekly timeframe - Descending Triangle with an overall downtrend
2. Daily timeframe - Pattern within a pattern, raising wedge with all the characteristics for a breakout. Retesting the support turned resistance of the wedge.
3. 4 hour timeframe - Another correction in the form of a raising wedge which confirms the downward momentum
4. 1 hour time frame - Same as above nothing significant. Spot entries and make money
Sell Stop @ 131,624
Stop loss @ 132,908
Take Profit @ 124,505
Below is an analysis I made last week and it still stands. Momentum is to the downside
- GBPJPY
1. Weekly timeframe - Descending Triangle with an overall downtrend
Sell Stop @ 131,624
Stop loss @ 132,908
Take Profit @ 124,505