Contraction on GBPJPY
There is a consolidation in the pair following a strong rally.
Plan:
- Wait for the price to break out of the pattern.
- Once the it breaks out, wait for a pull back.
- Watch price action in pullback. If a natural pullback (not engulfing, smaller candles, etc), we can place our position to the
direction of the break out.
Plan:
- Wait for the price to break out of the pattern.
- Once the it breaks out, wait for a pull back.
- Watch price action in pullback. If a natural pullback (not engulfing, smaller candles, etc), we can place our position to the
direction of the break out.
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