After the GBPJPY pair has broken down the trend line i will be looking for corrections up and try a sell at the end of this correction. Keep in mind Easter is around the corner so low volatility could be expected until next week. Here is my sell plan.
GBPJPY Technical Analysis:
H4 – trend line breakout
Sell Entry:
I want to see a push higher which could happen in double waves. So any two waves up is an opportunity to sell in my opinion.
Targets:
Aim to collect first part around 156.70 and leave the second part running aiming 153.00 or until opposite divergence occurs.
