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erikpolakk
Sep 27, 2020 12:22 PM

GBP/JPY - expect a move down ,15min -27.09.20 Short

British Pound/Japanese YenFXCM

Description

->In this analysis, I decided to look at the GBP / JPY currency pair, the analysis comes from a 15 min chart. As we can see in the graph, a rising wedge formation was formed for us. I assume a downward movement and then an upward movement. Entry into the position is at the current price and then the buy order on the reflection if it happens. I expect to move down to around the price point @ 134.340 and then expect a reflection upwards to around the price point @ 134.690.
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->if the price breaks through the channel, the Buy position does not apply

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->If you have any questions or concerns, feel free to comment in the comments section. If you like my idea you can support it with like.
-see also my other analyzes, 90% were correct
-This is not financial advice.
Trade safe!


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