GBPJPY has reached the strong Fibonacci confluence level. And now it is reversing most likely. Wait for a correction and then take the short trade. The target is the breaking of the weekly bottom.
Trade with care...
Nota
The structure after down move looks like a correction. It can be the running or the expanding flat. I have put this entry order.
Ordine annullato
Before taking any trade, waiting for a correction as a confirmation is always a good idea. And this chart is one of those good examples. It broke the previous top. The forecast is still same, but there is no trade setup anymore.
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