StreamTrader

Signal Stream - GBPJPY Short Signal

Short
StreamTrader Updated   
FX:GBPJPY   British Pound / Japanese Yen
A short signal popped up a bit ago on this pair at 148.74.

Price has moved down a bit against it to test some support.

Given my knowledge and experience with Signal Stream, I anticipate price will move back up to at least around the 148.50 area and I will exit the market there.

We've been in a fairly strong uptrend, so it's possible the signal might be drawdown a bit.

There are many ways to trade Signal Stream.

Personally I take very small positions and ride out drawdowns. Signal Stream signals have a high chance of hitting their targets even if the market moves in the opposite direction, long after the signal appears.

It's like the market is attracted back to these levels if they don't hit it immediately.

I take small trades across a lot of charts. Even if one pair goes into drawdown, I am pulling in trades off other pairs or markets.

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