GBPJPY - 4hr Timeframe - Short Opportunity

As it stands now, it seems that GBPJPY has completed its abc corrective structure and will need to go for one more downside movement, on the 4hr timeframe. From this moment onwards, therefore, we will be looking for sell setups on this pair. Watch for minor trend breaks, ending diagonal patterns on the 60min timeframe or wait for a first impulse to the downside on the 60min timeframe, wait for said impulse to correct itself, then sell the break of said correction with a stop loss above it.

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Comment:

As mentioned in the above analysis for the GBPJPY pair, we are currently monitoring for potential sell setups. At the moment, the pair seems to be working out a minor degree running flat correction, before going for one more small upside on the 4hr timeframe:

Trade closed manually:

Closing our short trades for a good profit. Reason being that we are expecting an up move now, and it could be commencing now.