GBPJPY short UPDATE (Like predicted) and WARNING !!!

2019-11-07 05:48:05

Price made a drop exactly like expected.

Remember: Double Top on h4 and fresh level of supply on h4.

Now I expect 2 Scenarios

2 Scenarios:

1) Immediate Drop through the Demand Zone
2) A small push to the upside to grab more liquidity and then a push to the downside

Confirmation:

1) Supply Zone
2) Double Top on h4

Warning:

Fundamental Analysis:
We have tomorrow big GBP News. I would not suggest trading it. When News appear the market is crazy in that moment. But it will correct itself. Anyway I don't would recommend trading it. Only if you use a big SL and you follow your proper Risk Management. When news occur it can move the price sometimes even 70 pips in a short time. This is quit dangerous with wrong Risk Management.

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