2306 GBPJPY Bear comes back, sell to 163 for 300 pips.
Hello traders,
GJ did not reach that high we were looking for.
And on 4H chart, you can see a bearish M head with lower B for sellers. It finished ABC( green) wave in a rough way, it will make a simple strong bearish new ABC (red ) wave down to 167.8-163 very soon based on this chart. So keep eyes on the final candle to see if it is a strong bearish one. Orders from Euro and London session could pull price down, and New York session could make it down further.
GOOD LUCK ON THIS PLAN TO SEEL GJ.
LESS IS MORE!
GJ did not reach that high we were looking for.
And on 4H chart, you can see a bearish M head with lower B for sellers. It finished ABC( green) wave in a rough way, it will make a simple strong bearish new ABC (red ) wave down to 167.8-163 very soon based on this chart. So keep eyes on the final candle to see if it is a strong bearish one. Orders from Euro and London session could pull price down, and New York session could make it down further.
GOOD LUCK ON THIS PLAN TO SEEL GJ.
LESS IS MORE!
