GBPJPY SHORT
Greetings traders,
I have been monitoring this pair for a while now. My outlook is bearish. The pair had a strong bearish momentum sliding down to 155 region, this left an imbalance that had to be mitigated by a bullish correction. We are witnessing the closing stages of the bearish correction. On the 4HR we have a CHOCH and BOS targeting 158-154 region or even lower(a fair value gap is sitting lower). We have our sell order sitting at the 166 region where we anticipate a short term correction to activate our order.
I have been monitoring this pair for a while now. My outlook is bearish. The pair had a strong bearish momentum sliding down to 155 region, this left an imbalance that had to be mitigated by a bullish correction. We are witnessing the closing stages of the bearish correction. On the 4HR we have a CHOCH and BOS targeting 158-154 region or even lower(a fair value gap is sitting lower). We have our sell order sitting at the 166 region where we anticipate a short term correction to activate our order.
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