GBP/JPY Breakdown? - Ichimoku Short trade Setup

2019-11-04 03:57:00

This pair remains in a tight consolidation range and I am watching for some possible downside movement this week.

I want to see price close beyond my entry to help confirm it is indeed time to sell.

I've drawn out a few targets on the way to my overall price structure target.

If we fail to get this bearish breakdown, or if our signs allign bullish, then I will shift my bias and look to enter a long on a breakout of the zone we've been stuck in.