GBPJPY trades
GBPJPY possible trade positions
1) In the worst case, price breaks out trend channel. Then we should wait for restest to the upside for entering short.
2) Sell at price close to 200 when price breaks channel to the upside
3) 4 hr Stoch too high now. So look for new high and then possible short term selling.
This could retest trend line, only enter long if channel trend line resists.
We are in wave 5, normally don't pass trend line like wave 4 does.
1) In the worst case, price breaks out trend channel. Then we should wait for restest to the upside for entering short.
2) Sell at price close to 200 when price breaks channel to the upside
3) 4 hr Stoch too high now. So look for new high and then possible short term selling.
This could retest trend line, only enter long if channel trend line resists.
We are in wave 5, normally don't pass trend line like wave 4 does.
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