PriceActionTrading

GBPJPY SHORT (AGAIN) NOW AT GOOD BARGIN

Short
FX:GBPJPY   British Pound / Japanese Yen
SHORTING NOW FOR GOOD 30 PIPS SL.
BASIS FOR SHORTING IT IS SIMILAR TO MY PREVIOUS IDEA.

THIS IS ALSO THE DEFINITION OF GETTING BACK AT THE MARKET.
THIS IS MY SECOND ATTEMPT ON SHORTING THIS.
PRICE HAS ALSO MET WITH RESISTANCE AT THE D1 SMA.
THIS TRADE HAS GOOD RISK REWARD AS I WAS ABLE TO GET IN AT 177.95.

NOT SAYING THAT THIS IS A SURE WIN TRADE. BUT I HAVE REASON TO BELIEVE GBPJPY IS BEARISH BASED ON TECHNICAL ANALYSIS.

D1 CHART FOR REFERENCE

SUBSCRIBE COMMENT AND LIKE MY IDEA IF YOU AGREE OR DISAGREE.
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