compleatguru
Short

GBPJPY Pending Short Signal at Near Top of Trading Range

FX:GBPJPY   British Pound/Japanese Yen
68 0 0
Current upward move now seems like an attempt to test the top of the trading range in blue.
if 153.80 - 154.77 proves to be a resistance zone then we should see an obvious bearish candlestick pattern in 1hr or 4hr in the next few hours.

This may be a good trigger to short to the bottom of the daily trading range around 147.70 (say short 153.70 to 147.70, we are expecting 600pips profit!)

However, if 154.77 doesn't hold, then price may be attempting 156.76 resistance.

Purely for educational only. :)
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out