ShinForex1

Gbp/Jpy Short setup!!! Confluence with Cot Data

OANDA:GBPJPY   British Pound / Japanese Yen
I am still super Bullish on Gbp/Jpy but based on what the market is telling us. we could see a pullback before a continuation. which comes in confluence with the cot data. institution are heavily buying Yen. so we could see a light pullback. to grab liquidity before move to upside.

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Trade active: we saw price did as i indicated. finding liquidity on a psychological level around 141.000 lol and smaller timeframe we clearly see a shift of momentum to downside

Comment: structure was broken in lower timeframe. so that could have been your entry lol

Trade active: this is how i monitor my valid trade setup

Comments

i have a different idea i think its going up
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ShinForex1 Richy21
@Richy21, yeah i am still bullish based on market structure on gbp/jpy but i see exhaustion and i will capitalized on the retracement for short. before looking for longs
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