kyanmarco
Short

GBPJPY - sell after buy

FX:GBPJPY   British Pound / Japanese Yen
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4
138 3
Sell GPJPY.. down down..
Seller kick in after a little buyer.

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kyanmarco Billiardo_Bucks
@Billiardo_Bucks, yeah one way to lose money is to use auto tool.
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Nice idea on GBPJPY and there may be bearish potential as you have identified. The 1st resistance that we have identified is at 149. It is a horizontal swing low resistance, with 76.4% Fibonacci retracement and 61.8% Fibonacci extension. Stochastic is approaching its resistance at 97% where a corresponding reversal could occur. If a reversal does occur, we may take a closer look at the 148.1 support, which lies just above the lower limit of your take profit zone. It is a horizontal swing low support with a 61.8% Fibonacci retracement. Looking forward to see how things develop.

Please have a look at our idea and share with us what you think.

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kyanmarco ICmarkets
@ICmarkets, Thanks mate..
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