GBPJPY Short Trade Setup

11. Mai 2021

The last top can be the end of the monthly running flat. That's why I want to take a short trade. We may have a complete reversal structure. Now, I'm waiting for a small trade setup to place an entry order. It isn't my main plan to place an order under the potential reversal impulse because we may see more upward movements. There is a trendline around 155,500. So, there is still some room for more upside. That being said, if it starts coming down fast, I'll set my entry order under the last low with SL over the last top.