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Carl_G
Aug 27, 2016 6:58 PM

GBPJPY: High Probability Turning Point? Short

British Pound/Japanese YenFXCM

Description

The probabilities are stacked on GBPJPY (to the short side) as price is about to reach the MIDAS R1 Curve a TD Price Flip below its TDST is near completion which is lining up with the Fresh Supply Zone marked in yellow making this a great trading opportunity. Momentum is also in overbought conditions creating a Bearish Divergence.

MIDAS Trading Tools for MT4 is available to download at MQL5.com
- Drag N´Drop features for better user experience are coming in the next update!
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