GBPJPY SELL Short

British Pound/Japanese YenFXCM

Description

⋅ May 14, 2015 9:29 AM

UPDATE:
D1 FAKEY OF INSIDE BAR FORMED.
DOWNSIDE BREAK OF THE MOTHER BAR AND SUPPORT LINE WILL ESCALATE FALL. I HAVE ALREADY SHORTED. WOULD VERY MUCH LIKE TO SEE THE SUPPORT AND MOTHER BAR'S DOWNSIDE BREAKOUT.

QUICK GET IN GET OUT TRADE.
SHORT NOW TO TRENDLINE.
FLAG PATTERN. "SMALL SOLDIERS STEPS BEFORE A WAR" AS I WOULD CALL IT.
SL ABOVE 188.7. IF PRICE MOVES ABOVE THAT LEVEL THIS IDEA IS INVALIDATED AND THIS IS NOT A FLAG PATTERN ANYMORE.
HOWEVER AS OF NOW THIS IS PROBABLY THE CUTEST AND SLOWLY MOVING FLAG PATTERN I HAVE SEEN.
WORTH TRADING. IM IN.

gbpjpyshort

Comments

PriceActionTrading

⋅ May 17, 2015 12:18 PM

UPDATE:
D1 INSIDE BAR FAKEY. STRENGTHENED MY SHORT BIAS.
BREAK OF MOTHER BAR AND SUPPORT LINE WILL ESCALATE FALL.

PriceActionTrading

⋅ May 15, 2015 10:12 AM

So yea. Just an update H4.
H4

IvanLabrie

⋅ May 15, 2015 10:18 AM

Yen pairs aren't doing anything...I got out of cadjpy out of boredom, and not feeling like keeping exposure there.
Kuroda's speech did nothing.

PriceActionTrading

⋅ May 15, 2015 11:01 AM

Yes me too. i got out of cadjpy too. Hoping this might give me the break i needed

ElPatron.Y

⋅ May 16, 2015 5:23 PM

We have a shooting star with overbought RSI, might plunge just a ticking timebomb.

PriceActionTrading

⋅ May 19, 2015 8:26 AM

UPDATE :
trendline broken.
closed half with 150 pips and SL @ BE.
looking to see how it would react at retest site.

ElPatron.Y

⋅ May 19, 2015 9:13 AM

ElPatron.Y

⋅ May 19, 2015 9:14 AM

Rounding top :D

PriceActionTrading

⋅ May 19, 2015 1:55 AM

UPDATE AGAIN.

ElPatron.Y

⋅ May 15, 2015 9:04 AM

Anyway not here to offend ppl, good luck anyone, to me it is clear it will plunge. Just a timing issue only.