DLavrov
Short

Follow the trend

FX:GBPJPY   British Pound/Japanese Yen
97 2 12
Let's look at the daily chart of GBPJPY             . Firstly we have to define the main direction. Based on 3 falling MA - it's DOWN TREND! So, we could sell, or wait. Buying againts the main direction - it's not a good idea. On friday the price closed below MA 20 and it was a signal for opening short position. Today, MACD H and DMI             indicators confirm SHORT trades.
Trade closed: target reached: It was a very good trade based on the trading systems rules.
Nice One :)
Reply
DLavrov AmjadFX
Thank you very much!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out