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TheDoc88
Oct 9, 2016 5:12 PM

GBPJPY possible short to yearly low Short

British Pound/Japanese YenFXCM

Description

Scenario #1
After price break the key level support,
we will wait for a retest (where support now possible become a resistance)
and wait for a confirmation to short
with target to the lowest yearly level.

Scenario #2
If price move back up,
key level support is still intact and valid..
might entering a consolidation or sideway phase
before any breakout..
if breakout happened, always wait for a confirmation before open position...


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Comment

GBP no retrace o_o
LOL
Have you ever heard a quote...
"A trading setup is like a train, there's always another one coming."

Comment

possible sell on any rallies

Trade active

enter small positions :)

Comment

Sell zone

Comment

Re-enter another short position

Comment

testing key level resistance, possible adding another short
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