Here's another short trade I see coming up soon. I'm at work now, but I will read up on the economy later to see if it still makes sense to take the trade. It's small risk anyways.. Just for educational purposes. Please comment with feedback and/or help.
Opened this chart by accident... but decided to set up for the trade since profits could be great. This is for learning experience only. Please leave comments.
News just drove it up, but we're at heavy resistance... I think this is a nice level to sell at
GBPJPY has been in a range for weeks. Strong support/resistance. It will go back up, unless #Brexit
update: i forgot to mention this is a price action trade, so around the 139.2 level i'll be waiting to see if candles begin to fall and i'll make my decision to buy. If it looks too bullish and/or breaks my stop level before i enter, then i'll be abandoning my trade. Ok I said I would attempt to draw a chart, so... here's my first chart.. (might be wrong, so...