GBPJPY watching for short

2020年8月16日Touching 6/5 high on 8/13 and reversal on 8/14. From 8/3 to 8/10 it formed flag and it exceeded upwards but if this flag fails there can be the opportunity for short.

2020年8月23日

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While waiting for the short sign, it created the strong bear bar on 8/21. Maybe it can be the good strategy to put stop entry at the below that strong bear bar. In that case the stop loss can be at 60% from the low of the bear bar. To be more conservative, should wait for one more price action.