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jojofang0901

GBPJPY Continuation sell setup

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Paun British / Yen Jepun (OANDA:GBPJPY)  
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OANDA:GBPJPY   Paun British / Yen Jepun
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
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chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern

Hi traders:

Most JPY pairs are showing further strength and we can certainly expect further bearish price action to continue.

Price showed us a recent double tops, "M" style pattern, and an ascending channel correction.
These are very good bearish price action to have on the lower time frame.

We then see a strong bearish move on the LTF, and we start to see a continuation correction.

Look for this correction to complete an sell to the previous lows.

Thank you
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