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goz
Sep 29, 2017 9:21 AM

GJ SWING TRADE IDEA Short

GBP/JPYOANDA

Description

After moving strongly from the 140.xx to 152.xx area the price action in the last days shows that GJ may be due a swing down or at least a retrace. In this idea I will be testing this theory and hope to follow GJ's move down.

Comment

So far I am happy with the direction GJ is going. As you can see today it came down to the yellow line but found some support there. I think a convincing breakdown though this line will be needed to add more shorts.
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