GBPJPY - Wait For The Trigger 👌

Hello TradingView Family / Fellow Traders,

On Daily: Left Chart
GBPJPY has trading inside a range in the shape of a rising wedge pattern.

Currently, GBPJPY is approaching the upper bound of the wedge pattern so we will be looking for sell setups on lower timeframes.

On H4: Right Chart
📈 For the bears to take over, we need a momentum candle close below the last major lower in gray.

📉 Meanwhile, GBPJPY would be bullish short-term and can still trade higher to test the upper orange trendline again.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr