tradafx

Wait for a sell signal with GBPJPY

Short
OANDA:GBPJPY   British Pound / Japanese Yen
H4 time frame.
Structure: Downtrend.
The price broke the key level of the uptrend.
After breaking the Key level, the price formed a consolidation zone from 150.800 - 151.600.
If the price breaks out of this consolidation zone, it is likely that the price will recover to 152.000. Here, if there is a reversal signal, it is possible to sell early.
If the price from the current accumulation area breaks below 150.800 then wait for the continuation candlestick signal to sell.
Profit target is the zone 149.000.
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