Here's a quick chart on GBP-JPY. This chart shows a clear channel being formed after a quick rally from yesterdays move. We're jumping in on a quick sell here after the bounce off the the resistance level of the channel
We expect to see a bearish ABC pattern formed taking us down to the support levels of the channel. But we've got a quick take profit at the nearest support level at the breakout point from yesterdays rally.
Trade safely and Share your thoughts and ideas in the comment section below, we can all learn from your ideas.
And please don't forget to leave a like and follow for more outstanding updates.
We expect to see a bearish ABC pattern formed taking us down to the support levels of the channel. But we've got a quick take profit at the nearest support level at the breakout point from yesterdays rally.
Trade safely and Share your thoughts and ideas in the comment section below, we can all learn from your ideas.
And please don't forget to leave a like and follow for more outstanding updates.
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