PREPARING FOR THE CORRECTIONGBP/JPY 1H - Now that price has played out and traded us lower, giving us the opportunity to short this market I believe its now going to put in a corrective wave.
You can see the short opportunity we were provided with at the start of the week and how much we could have stretched out profits should we have wanted to, the potential there was crazy and made for a good trade.
A big well done to anyone who got involved in that move from the Sunday Sessions video, now though we want to see a break in the last protective high as that would confirm a reversal or change in trend.
As we know a break in structure tells us that one trend is ending and a new one is beginning, so by price breaking the last protected high it does infact break structure to the upside meaning we are following the laws of bullishness rather than bearishness.
