GBPJPY - Trend-Following Setup!GBPJPY is overall bearish trading inside the blue channel, so we will be looking for trend-following sell setups

GBPJPY - Trend-Following Setup!GBPJPY is overall bearish trading inside the blue channel, so we will be looking for trend-following sell setups

on H1: GBPJPY is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that third swing to form then sell after a momentum candle close below it. (gray area)

Meanwhile, until the sell is activated, GBPJPY can still trade higher till the green resistance, where we will be looking for new sell setups to form.

Good luck!

All Strategies Are Good; If Managed Properly!

~Rich

Richard Nasr

Richard Nasr

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