GBP/JPY SHORT SETUP OPPORTUNITY

COT DATA FOR GBP:
2021 - 03 - 30
(L) 47,222 (S) 22,263
(TOT CON) 69,485
(% L) 68% (% S) 32%
(NET CON) 24,959

COT DATA FOR JPY:
2021 - 03 - 30
(L) 84,205 (S) 24,724
(TOT CON) 108,929
(% L) 77% (% S) 23%
(NET CON) 59,481

SENTIMENT: GBP STRENGTH / JPY STRENGTH
JPY STRENGTH IS NEW SINCE 2021-03-16 @ 59,481 NET CONTRACTS TO GBP 24,959 NET CONTRACTS

AREAS OF INTEREST"
150.75 - 151.25
151.75 - 152.25
152.25 - 152.75

TRADE STATEMENTS:
IF MKT INDICATES WEAKNESS IN 150.75 - 151.25; THEN SELL MKT
IF MKT INDICATES WEAKNESS IN 151.75 - 152.25; THEN SELL MKT
IF MKT INDICATES WEAKNESS IN 152.25 - 152.75; THEN SELL MKT

TRADE MANAGEMENT:
PORTFOLIO RISK PARAMETERS (1% - 3%)
SET SL/TP/BE PARAMETERS ACCORDINGLY
ALLOW TRADE TO DEVELOP

IDEA ALERT:
BE AWARE OF PRICE ACTION AGAINST TRADE IDEA
MKT COULD TURN HIGHER FROM CURRENT LEVELS