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GBPJPY - Lack of momentum!

Short
Livre sterling / Yen japonais (FX:GBPJPY)  
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FX:GBPJPY   Livre sterling / Yen japonais
Trend Analysis Chart Patterns Wave Analysis GBPJPY
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trendanalysis chartpattern waveanalysis gbpjpy
In our previous idea
GBPJPY - GOOD SUPPORT !
GBPJPY bounced hard from a support level which is supposed to bounce the prices back, However, , looking closely to the current market structure shows a lack of momentum which suggest that the market would distribute for a while before going back to test 06/18/2019 low!

Take this scenario into consideration and wait for the market to show slippage before deciding to short the market


To be updated...
Commentaire:
A better estimation if the market showed slippage

snapshot
Commentaire:
here it's more clear one

snapshot
Commentaire:
Well done, the market didn't show any slippage so the first scenario took place!

snapshot

I'll target a short trade right now but let me first update the analysis

Idées en relation

UGTraders
GBPJPY - The correction is over!
UGTraders
GBPJPY - GOOD SUPPORT !
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