GBPJPY DEVELOPING SHORT OPPORTUNITY

SENTIMENT: GBP STRENGTH / JPY WEAKNESS

AREAS OF INTEREST
151.75 - 152.25
152.25 - 152.75

TRADE STATEMENTS:
IF MKT INDICATES WEAKNESS IN 151.75 - 152.25; THEN SELL MKT
IF MKT INDICATES WEAKNESS IN 152.25 - 152.75; THEN SELL MKT

TRADE MANAGEMENT:
PORTFOLIO RISK PARAMETERS (1% - 3%)
SET SL/TP/BE PARAMETERS ACCORDINGLY
ALLOW TRADE TO DEVELOP

COT DATA FOR GBPUSD:

2021 - 04 - 27

(L) 59,917 (S) 30,699

(TOT CON) 90,616

(% L) 66% (% S) 34%

(NET CON) 29,218

COT DATA FOR USDJPY:

2021 - 04 - 27

(L) 78,182 (S) 29,673

(TOT CON) 107,855

(% L) 72% (% S) 28%

(NET CON) 48,509

IDEA ALERT:
BE AWARE OF PRICE ACTION AGAINST TRADE IDEA
MKT COULD TURN HIGHER FROM CURRENT LEVELS