GBP / JPY 156.968 +0.38 % SHORT IDEA * TREND CONTINUATION & STRU
Updated
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE POUND / YEN PAIR.
here's where we where upon open yesterday
https://www.tradingview.com/chart/GBPJPY/6CGdgsYH-GBP-JPY-157-305-0-25-SHORT-IDEA-PRICE-ACTION/
* The PAIR has formed a descending channel in a bullish rally to the upside respecting this structure.
- Short term the pair has currently entered some consolidation as WE break below on the 4h chart as it couldn't break previous high.
- Looking for SHORT entries on the pair this week should all the rules of the formation be met.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE POUND / YEN PAIR.
here's where we where upon open yesterday
https://www.tradingview.com/chart/GBPJPY/6CGdgsYH-GBP-JPY-157-305-0-25-SHORT-IDEA-PRICE-ACTION/
* The PAIR has formed a descending channel in a bullish rally to the upside respecting this structure.
- Short term the pair has currently entered some consolidation as WE break below on the 4h chart as it couldn't break previous high.
- Looking for SHORT entries on the pair this week should all the rules of the formation be met.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Trade active
the pair is testing the demand zone waiting for direction
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