848evo
Short

GBPJPY Short Trade

FX:GBPJPY   British Pound/Japanese Yen
46 0 1
PA has starting to retrace back up after a long move down, however, technical indicators are showing further down movement. I will try to get in around 159.785 area where the 38.2 fib levels meet with a D1 resistance line and the 50 SMA will probably also be hovering there.
***** HOW TO READ THE CHART: The red and blue lines represent clusters of BUY/SELL orders. The thicker the line, the stronger the cluster. Red = SELL, Blue = BUY. Grayed Out = Cluster Hit & Gone.

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