Channel on the GBPJPY is still valid after a fakey in price action in the last couple of candlestick. Price has currently formed a Bullish Engulfing candle on the support of the channel confirming channel validity. Entered a long position for 1:2 Risk Reward.
Note: This is not a financial advice, it is for informational purpose.
I see many SELL signal in Daily and Weekly chart!
6/7: Waiting for sell signal to come --> Expect time to form signal: 8-9 (2,3 days)
Maybe set a Short now TP to Target 2 so now let's have a look at this
- Effect of the waiting signal:
+ break from zone and then go down to Target 2! (+++)
+ Fakey false break, and then go up(++)