Why I'm going SHORT on #GBPJPY
On the technical's this looks like a perfect setup for me. However Bearish JPY in the past hour or so means we could get stopped out rather quickly. So on to my setup!
Reason:
We have Bearish three point moves on the 1D, 4H and 1H.
Price has recently pulled in to my last chance entry zone on the 4H and provided us with a lovely Double Top entry to get short.
Targeting the previous lows (135.553)
As always good luck in the markets,
TradeEasy.
Reason:
We have Bearish three point moves on the 1D, 4H and 1H.
Price has recently pulled in to my last chance entry zone on the 4H and provided us with a lovely Double Top entry to get short.
Targeting the previous lows (135.553)
As always good luck in the markets,
TradeEasy.
Note
Well we didn't get stopped out on the initial Bearish JPY move. Still in the trade, sitting on a 62pip profit, however nothing's banked until TP1! We live to fight another day.
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