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jojofang0901

GBPJPY Ready for the sell

Short
British Pound / Japanese Yen (OANDA:GBPJPY)  
jojofang0901  
OANDA:GBPJPY   British Pound / Japanese Yen
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
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chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern

Hello everyone:

GBPJPY for the last few weeks were not on my watch list due to the previous swingy price action on the LTF.

But now what we are getting from the market is shaping up for the bearish sell setup.

We see price correctively move up within ascending channel, and hitting the top of the LTF channel structure. This is good indication we may see some bearish reversal.

Latest price shows us a LTF push down out of the ascending channel, and now I would be waiting for some sort of LTF continuation correction to get in the sell.

Thank you
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