British Pound / Japanese Yen
Short
Updated

GBPJPY SHORT

160
The double top that I thought price was making has now been formed. Price has also closed below the lowest candle which can be classified as a breakout. I belive that price will continue down for around 75 pips. After price is halfway there, I will set the trade to BE , and close some profit but ultimately I belive that price will fall here.
Trade closed manually
This was a fakeout, Price pulled back. Price was just filling the wick that it had made prior. I made the wrong call here. I was too inpatient. We are still profitable for the day nevertheless
Note
wow, would you look at that, price pulled back into the zone, and continued down exactly to where I targeted. Market manipulation?

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.