GBPJPY Trade Plan

GBPJPY - ICHIMOKU CHECKLIST

Weekly
Price vs Kumo: DOWN
Tenkan vs Kijun: DOWN
Chikou vs Kumo, Price vs Kijun: DOWN
Kumo future: DOWN
Candle : Pin bar (strong rejection)

Daily
Price vs Kumo: DOWN
Tenkan vs Kijun: DOWN
Chikou vs Kumo, Price vs Kijun: DOWN
Kumo future: DOWN

H4
Price vs Kumo: DOWN
Tenkan vs Kijun: UP
Chikou vs Kumo, Price vs Kijun: MIXED
Kumo future: DOWN

Trade Plan: Weekly & Daily in DOWN trend. Strong rejection in weekly chart. H4, retracement currently ABOVE 61.8% . Wait a bit more until it reach resistance ABOVE 88.6% and look for short trade there. Target RR1:2 or higher.