Fxprotrader
Long

GBPJPY End Of Sell Off - Watch For A Buy Setup

FX:GBPJPY   British Pound / Japanese Yen
383 5 23
Another crystal clear setup based in wave theory is about to complete in GBPJPY             . Price has broken above a daily downtrend with a sharp move. We should now wait for a consolidation and buy the market for a great risk/reward ratio trade.
I'm a buyer soon wait for a reverse candle
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April 19th was already quite bullish...these trendline signals can be quite late.
But yes, buying a correction now might be ideal.
Cheers.
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Fxprotrader IvanLabrie
Thank you mate!
+1 Reply
IvanLabrie Fxprotrader
See ya at 170-185.
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Fxprotrader IvanLabrie
:)
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