TradingView
PeNuel2020
Jul 27, 2021 8:22 AM

GBPJPY - SELL BELOW @152 Short

British Pound/Japanese YenFXCM

Description

(Don't forget to like this idea and follow me for more updates. Thanks a lot!!!)

KEY RESISTANCE LEVEL/ TREND LINE RESISTANCE

The price region of @152 is a key resistance level that can not be overlooked. Price has retraced to that point and now
is rejected. This is a good R:R setup.
Also, there appears to be a fake-out (marked with a square). There need for patience, to see it retested properly and then
form a rejection that is good for a sell setup.

Always remember that nothing is fixed. So, stay very safe and observe all your trading plan and strategy strictly. Thank you!

DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
More