GBPJPY is trading in a falling wedge pattern. We might see further downside in GBPJPY , which can give good 50 or 60 pips profit for the downside. One can take short trade with a proper risk management system at the current level. If pair consolidates at the current level, it won’t be a surprise for the trader as pair consolidated many more times in the past than trading in the pattern.
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Note – Trade With Proper Risk Management System
Thanks
Vivek
have half a decade of experience as a trader and enthusiastically learning & developing new strategies and convert it into algorithm trading & also analyzing the companies with ESG method.
