1701 GBPJPY facing 1000 pips down Short

British Pound/Japanese YenFXCM

Description

⋅ Jan 17, 2019 7:33 AM

GBPJPY is still bearish to us after the small correction.
Down alone with that trendline we expect 1000 pips max for the new swing.

Less is more!

Comments

Harpingo

⋅ Jan 17, 2019 10:04 AM

Thanks I enjoy looking at your charts I learn a lot:)

Harpingo

⋅ Jan 17, 2019 10:08 AM

plus price seems to have hit resistance on the 4hr 200ema

FXCM

⋅ Jan 17, 2019 9:57 AM

Thanks for sharing this idea, I agree with your bearish view on it as well:

FXCM

⋅ Jan 17, 2019 9:57 AM

Thanks for sharing this idea, I agree with your bearish view on it as well:

eldiablo1234

⋅ Jan 17, 2019 8:20 AM

Hello, how could you expect a sell now if your trendline relies on the second hit where we only are now, and not the third, thourth hit? You should draw your trendline in H4, you will see what I mean. And it broke it actually