GBPJPY Sell Idea

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.

Contents hide

1 GBPJPY Technical Analysis:
2 Sell Entry:
3 Targets:

GBPJPY Technical Analysis:

H4 – trend line breakout

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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.

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Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.