Short

Updated

One More Short

Short Taken @ 149.50 SL above 149.79 TP 149.15

====
Week of March 19 - 23

This pair is negative as long as it is below 150.00
Now the pair is confined between 147.00 & 149.50
Any clear break in either direction we will see acceleration:
Clear Break of 147.00 will take price to 145.00
Clear Break of 150.00 Will take price to 153.00 & 156.00

Working on this pair needs high level of caution and very deep assessment each time the pair hits one of the above areas.
===========

Note

STILL>>>>>Harmonic side Bearish Bat on M30, Bearish Bat on H1, and bearish Gartley on H4 are already confirmed

Note

Will look to close before target if not achieved before 13:15 hrs New York Time, two hours from now..

Note

Watching the London close in 26 minutes, may be position can be closed in profit

Note

Position is underwater -7 pips now, will wait another 45 minutes

Note

US Indices are jumping from losses to gains, that caused the lift in GBPJPY price back to highs of European session, will watch US Indices to fall or retrace from here

Note

Pair is facing strong resistance by 149.80 - 150.00 if clear break happens pair will be positive and good for buy

Note

News about Quite Quiet BOE meeting, raise put off till May meeting

Note

This move is supported by 148.75 - 148.55 area which may be broken tomorrow for a run to 147.85 - 147.50 area----------Remember>>>>> Open price today was 148.77 and there is no that strong evidence in market to drive price that high, we may see an accelerated drop again today like the morning one

Note

Yesterday's high is not yet broken

Note

Decided to leave position opened through the FED decision and press conference if it reach there, (To Be or NOT To Be)...............

Note

The pair remains Net Long, means that majority of traders are long on the GBPJPY, means that pair may reverse lower

Note

30 minutes to FED decision and 60 minutes to FED press conference and stocks rise

Note

First sign of the accelerated drop, from the highs of 149.66 to mid 149.40's

Note

pair is very uppy today, back to 149.60's , let us see

Note

US Indices are loosing steam

Note

5 minutes to FED decision

Note

Added more short @ 150.11

Note

Now Carry two shorts from 149.50 and 150.11 Removed SL from now eyeing SL above 150.45

Note

Press Conference at any moment

Note

US Indices nicely dropped during the press conference, will hold the positions and see the end of the press conference normally takes one hour, expected to end by 15:30 New York Time

Note

All US indices are in red, and GBPJPY is back below 150.00 level

Note

Eyeing 149.70 - 149.50 area from there pair may follow further down

Note

hurdle on the way down is 149.42

Note

DJI and SP500 back in green, took the pair again above 150.00

Note

Bearish Butterfly on M30 and H1 Charts

Note

DJI & SP500 continue a bot higher leaving Nasdaq barely flat

Note

mixed picture all in all in US indices and mixed signals from the FED press conference as well, things will be clear after FED chairman ends his conference

Note

Press Conference ended only 45 minutes

Note

getting all US indices in green again and the pair below the 150.00

Note

will follow through looking for a further drop down id price remains negative below 150.00 till the American session closing @ 16:00 New York Time

Note

Although DJI is on the green around +100 but it is down from around +230 hit by the start of the conference

Note

will look into the option of setting off the two positons in the 149.80's area trying to breakeven and get out of market without losses out of this trade

Note

149.70's area is even better

Note

Although the pair is negative, but I prefer to clear up and sleep the night, market is always there

Trade closed manually

Closed the 150.00 @ 149.79 +31 pips
Closed the 149.55 @ 149.79 - 29 pips

Total = + 2

Jack_Brown

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.

Jack_Brown