GBPJPY: bigger structure is completed and market has to fall
Hey Traders, keep an eye on 
GBPJPY if you are not already in.
For us, bigger structure is completed and market has to fall for at least 500 pips and it might go further down to break previous structures. If the corrective structure decide to extend, we will ignore the buy setups and we will look for sell setups again.
Those of you who are not in, wait for your sell setups before you jump in.
If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment.
What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals...
DO NOT FORGET OUR 4 GOLDEN RULES:
1) Do not over-risk
2) Do not over-trade
3) Do not trade without stop loss
4) Never ever add to losing position
Trade with care
We Trade Waves Team
GBPJPY if you are not already in.For us, bigger structure is completed and market has to fall for at least 500 pips and it might go further down to break previous structures. If the corrective structure decide to extend, we will ignore the buy setups and we will look for sell setups again.
Those of you who are not in, wait for your sell setups before you jump in.
If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment.
What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals...
DO NOT FORGET OUR 4 GOLDEN RULES:
1) Do not over-risk
2) Do not over-trade
3) Do not trade without stop loss
4) Never ever add to losing position
Trade with care
We Trade Waves Team
Note
Market dropped 50 pips for now so if you get in manage your trade. Some of us are already in the sell and If next week we get one more push up, we will look for sell setups again.Note
Nothing has changed, the correction gets extended and market will be falling. We will look for sells again.
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WTW Team
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WTW Team
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Don't waste your time & money JOIN WTW Today and Learn How To Trade Correctly!🔥📈
Sign Up here: wetradewaves.com
WTW Team
Sign Up here: wetradewaves.com
WTW Team
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.