THIS IS A TRADE PLAN BASED ON THE HOURLY CHART. THE BETTER SHORT TRADE WAS ON SUNDAY/MONDAY AS PRICE OPENED AT WM3 ON THE H4 CHART, WHICH I HAVEN’T INCLUDED HERE. SWING TRADERS ARE AIMING FOR WM1 AS THE TARGET OF THE WEEK, AND SINCE PRICE HASN’T GOTTEN THERE YET BEARS WILL PROBABLY LOOK FOR PULLBACKS TO GO SHORT ON LOWER TIME FRAMES.

GBPJPY H1

MARKET IS BEARISH ON THIS CHART. PRICE IS RETRACING BACK TO RESISTANCE IDENTIFIED AT DPP WHICH IS PART OF WM3,WPP PIVOT CLUSTER. SO BEARS MIGHT WANT TO GO SHORT AND OVERBOUGHT STOCHASTICS ALSO SIGNALS THAT BEARS COULD SHORT THIS SOON.

GBPJPY M15

THE WM1 TARGET NOT REACHED YET SO MAYBE A SELL TO DRIVE PRICE DOWN TO THE TARGET.

GBPJPY H1 POST PLAN

AS I MENTIONED IN THE PLAN THAT BEARS MIGHT CONSIDER SELLING AT THE PIVOT CLUSTER RESISTANCE, WHICH THEY DID. PRICE IS CURRENTLY AT SUPPORT AND HAS HIT WEEKLY TARGET ON THE H4 CHART WHICH ISN'T INCLUDED HERE. H1 TARGET ALSO HIT. REMEMBER THE IMPORTANT THING IS TO HAVE A PLAN AND TRADE IT, WHAT HAPPENS AFTER PULLING THE TRIGGER IS FOR THE MARKET TO DECIDE.

GBPJPY M15 POST PLAN

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