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Eduard
Dec 6, 2017 8:13 AM

GBP/JPY 2 Intraday Scenarios 

British Pound/Japanese YenFXCM

Description

Morning Traders!

Price is on a major resistance level and has reached the 50% fibonacci level of the last bullish impulse.

I am going to see if the price bounces from that level (150,300) or breaks it.

If it bounces i will look for buys to reach the next resistance level at 150,980.

If the pair breaks the support level i will look for sells to reach the next support level at 149,500.

Good Trading Traders!

Comment

If price breaks this M15 line, a bullish entry would be confimed.

Comment

Proce trying to break the support

Comment

Gonna wait for a pullback, then will try to jump in

Comment

Support not breaked yet!

Comment

RSI could be anticipating bullish break out.

Comment

Support seems to be breaked

Comment

If we have a break out on M15, will reverse position

Trade active

Going Short. TP at 149,450

Trade closed: stop reached

Going throw bad streak, let's keep going
Comments
Eduard
Proce trying to break the support
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