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rhuey46
Oct 8, 2020 7:03 PM

GBPJPY SHORT - MA Resistance Short

British Pound/Japanese YenFXCM

Description

GBPJPY

Resistance
  • 55 & 500 Day MA @ 137.68 - 137.83
  • 55 Week MA : 137.44
  • 50% Fib @ 137.88
  • Horizontal S/R line Resistance @ 137.77 - Retest


Daily Stochastic is oversold

Short at around: 137.75

Stop @ 138.31 100 Week MA

Comment

Should have the stop above the 500 Day MA (in retrospect).

Trade closed manually

135.5600
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