GBP\JPY - Downwards impulse wave Sell Limit-15Min.

21 Şub 2022

According to the price-action based movement , it seem that the British Pound will run out of steam soon. Should the price-level of 156.452 not be broken, a sell position could be considered. Prices are anticipated to push down towards 155.790 and reverse back as demonstrated. The Stop-Loss for this trade could be considered at the price-level of 156.765 - this is a healthy risk-reward ratio. But, just like any trade, the prices could push up past 156.452 toward 156.765 and beyond. Trade wisely.