GBPJPY Continuation Downside, Watch for sell setup

Hi everyone:

Here on GBPJPY, from the higher time frame, price is currenting developing the right shoulder of the H & S pattern.

We can then see on the lower time frame, price is in a larger expanding structure, correcting the price with a few swing highs and lows.

A lower time frame ascending channel pushing up the price, and a sharp reversal impulse down.
Good indication of the bearish price action in the making.

Latest price also formed a LTF bearish continuation correction,
so be on the look out for further downside if price formed more smaller correction along the way to the previous lows.

thank you

Commentaire:

Watch for further LTF bearish correction

Commentaire: