GBPJPY Look for sell entries down

Hello traders:

GJ is finally giving up good confluences for the continuation short.

From the higher time frames, the price impulsively broke out of the larger correctional structure and start to form this ascending channel.

This is good indications of a continuation, and waiting for the correction to complete is ideal to look for sell entries.

Now we see the latest price action has managed to broke out of the channel, then I would go down to the lower time frames to see if a correctional structure will form to give me the one last confirmation for the sell.

Look to see the previous lows as a potential TP.

Thank you

Kommentera:

Look for LTF reversal price actions.

Kommentera:

Wait for further price development to get in the sell.