Hi traders:
GBPJPY short updates from earlier week.
Price did manage to break out from the correction sell from my last analysis, but quickly retrace up to form an ascending channel correction up.
What I see now is a completion of structures within structures, presenting a very good opportunities to continue to sell momentum.
Price had a strong impulse move down, and formed a lower time frame correction along the way, broken out of the channel structure.
Now I will wait for more continuation correction, and add into the sell. Looking still very valid to go to the previous low.
Thank you
GBPJPY short updates from earlier week.
Price did manage to break out from the correction sell from my last analysis, but quickly retrace up to form an ascending channel correction up.
What I see now is a completion of structures within structures, presenting a very good opportunities to continue to sell momentum.
Price had a strong impulse move down, and formed a lower time frame correction along the way, broken out of the channel structure.
Now I will wait for more continuation correction, and add into the sell. Looking still very valid to go to the previous low.
Thank you
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