GBP/JPY: SELL STOP with target, check it out!
Hi guys,
It looks like we could have a good candidate for a sell.
The idea is to put a sell-stop at 148.100. The target is the previous support at 147.730.
We have a trend line which has been broken as well as former low. We could be in a simple pullback before it goes back down again + all EMA have been broken on M15.
Trade with care.
Like/comment if you appreciate my ideas.
Best,
Jesse
It looks like we could have a good candidate for a sell.
The idea is to put a sell-stop at 148.100. The target is the previous support at 147.730.
We have a trend line which has been broken as well as former low. We could be in a simple pullback before it goes back down again + all EMA have been broken on M15.
Trade with care.
Like/comment if you appreciate my ideas.
Best,
Jesse
Comment:
1. Price is below EMAs
2. Price is currently rejecting previous low
3. Price is about to re-test successfully the trend line to the downside
FYI Yellow rectangle represents previous low/high
2. Price is currently rejecting previous low
3. Price is about to re-test successfully the trend line to the downside
FYI Yellow rectangle represents previous low/high
Trade active:
I am already shorting the pair
Trade closed: target reached:
Bang
Comment:
Wow 160 pips since my call yesterday. Too bad I didn't keep it that long :-) .
Rejection at previous low