Shorting the GBPJPY On Resistance Confluence

FX:GBPJPY   British Pound / Japanese Yen
1733 22 17
Update: Target reached without entry, so i cancelled short for now..

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
Also at my Facebook             page
My best regards,

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
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
Do You Offer Course, if someone is interested in learning
Hi Luay. I think that another short opportunity might be developing on this pair.
Technician HamedAghajani
Honestly i dont see a sell signal yet... So I am not short
+1 Reply
I cancel the trade because first target is hit without triggering entry.
Technician VelsonChew
Yep i cancelled too. But i will monitor now if i see rejection i might re-enter
VelsonChew Technician
What kind of rejection will make to u entry?
Technician VelsonChew
I will see, its discretionary. I will update here if i shorted
+1 Reply
NickLee Technician
are you going to re-enter based on the price now
Is it finish right now? Or wait for first target and then for second? How do you think?
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out