GBPJPY Sort Trade Setup for Possible Huge Down Impulse
Hello traders.
I'm expecting very big down impulse, which will break the previous monthly bottom. That's why I'm seeking short trade setups in this pair. We got a down move in this timeframe and it looks like a correction is in the making. I have an entry order below the previous bottom. I'm also waiting for a breakout trade. If I manage to find a better entry, I will take the trade manually and remove my order. I have to tell you that it is a very risky trade. If it makes a running flat like I draw with green lines, it will reverse immediately and stop out. If you like to take this trade please don't forget this possibility.
Internal Structure of Correction:
Long-Term Forecast:
I'm expecting very big down impulse, which will break the previous monthly bottom. That's why I'm seeking short trade setups in this pair. We got a down move in this timeframe and it looks like a correction is in the making. I have an entry order below the previous bottom. I'm also waiting for a breakout trade. If I manage to find a better entry, I will take the trade manually and remove my order. I have to tell you that it is a very risky trade. If it makes a running flat like I draw with green lines, it will reverse immediately and stop out. If you like to take this trade please don't forget this possibility.
Internal Structure of Correction:
Long-Term Forecast:
Order avbruten:
It broke the previous top, that's why I take off my entry order. Of course, I'm still looking for short trade setups. For now, there isn't any.
