Technician
Short

Shorting the GBPJPY On Resistance Confluence

FX:GBPJPY   British Pound/Japanese Yen
1728 22 16
Update: Target reached without entry, so i cancelled short for now..
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A potential short trade on multiple resistance levels:

-50-days SMA
-Main descending resistance for the bearish wave
-A cluster of horizontal resistance levels, more clear on the daily chart

Trade Safe, and Best of Luck , join me at https://twitter.com/thefxchannel
Also at my Facebook             page www.thefxchannel.com
My best regards,
Technician

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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game
My trading channel https://telegram.me/technician_forex_trades
hello technician hope you are fine thanks for this post
Reply
Technician TOP manijeh.kazemi.33
2 years ago
Am great, and you?.. Thanks.
+1 Reply
kofesutra
2 years ago
Thank you, Technician!
Are you started this trade or waiting 176.60?
Reply
kofesutra kofesutra
2 years ago
I`m sorry! 173.60, of cause ;))
Reply
Technician TOP kofesutra
2 years ago
No i will wait for a test of 173.60
Reply
kofesutra Technician
2 years ago
Thanx! I`ll waiting it with you ;)
Reply
aleipena
2 years ago
Hello Technician , do you have special settings on the SMA 50 days? I have the standard settings and the current price is above the SMA line.

Thanks.
Reply
Technician TOP aleipena
2 years ago
Hello, this is the 50 days moving average, which equals to 300 period on the four-hour chart above.
Reply
VelsonChew
2 years ago
May I know this trade is still effective or not because 80% of first target is reached? Thanks.
Reply
Technician TOP VelsonChew
2 years ago
Yeah its still valid for me
Reply
Andrei Serdiuk
2 years ago
Is it finish right now? Or wait for first target and then for second? How do you think?
Reply
Technician TOP Andrei Serdiuk
2 years ago
If its invalid for me i will update here.
Reply
Andrei Serdiuk Technician
2 years ago
Ok. I hope you :)
Reply
VelsonChew
2 years ago
I cancel the trade because first target is hit without triggering entry.
Reply
Technician TOP VelsonChew
2 years ago
Yep i cancelled too. But i will monitor now if i see rejection i might re-enter
Reply
VelsonChew Technician
2 years ago
What kind of rejection will make to u entry?
Reply
Technician TOP VelsonChew
2 years ago
I will see, its discretionary. I will update here if i shorted
+1 Reply
NickLee Technician
2 years ago
are you going to re-enter based on the price now
Reply
Technician TOP NickLee
2 years ago
No
Reply
Hi Luay. I think that another short opportunity might be developing on this pair.
Short opportunity is developing on #GBPJPY, #FOREX.
Reply
Technician TOP HamedAghajani
2 years ago
Honestly i dont see a sell signal yet... So I am not short
+1 Reply
WaqarKhan
2 years ago
Do You Offer Course, if someone is interested in learning
Reply
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