GBPJPY may be turning down at 240min mid-median line and has agreement from 13,20 CCI broken up-trendlines. However the CCI angles are a bit wimpy. A move below 148.5 looks worth a frog-kiss (small-stop) short. If it does drop, exit when CCI crosses up thru -100.
I call a trade a frog-kiss trade if the potential reward is huge and the necessary stop is very small. Because of extremely high R/R, the percent win rate can be as low as 30% and still give huge profitability. The Russell 2000 futures had a 5 wave up Nov 16- Mar 15, followed by an ABC down, where the B wave retraced all the way to the highs. This is much more...