GBPJPY - Look for the short
So,
Crazy rally on this pair this morning.
Price is approaching a clear resistance level.
We will wait for price rejection of that area (solid 1hr bearish close), and then look for shorts - DO NOT SELL INTO A BULL RUN!
Crazy rally on this pair this morning.
Price is approaching a clear resistance level.
We will wait for price rejection of that area (solid 1hr bearish close), and then look for shorts - DO NOT SELL INTO A BULL RUN!
Note
Entered a small short now (3 15min bearish closes) But still being cautious as not enough momentum downward to confirm trade yet
Trade closed: stop reached
So as per the above, we only had a small position on this and got stopped out for 28 pip loss
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.