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mindyabandz

GBP/JPY Short Trap

Short
British Pound / Japanese Yen (FX:GBPJPY)  
mindyabandz  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns simpletrading simplepriceaction priceactionstrategy priceactionanalysis priceactiontrading priceactionsignals priceactionananlysis
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trendanalysis chartpattern simpletrading simplepriceaction priceactionstrategy priceactionanalysis priceactiontrading priceactionsignals priceactionananlysis
Sell op 4Hr Timeframe

Wait for price to break 145. with a lot of momentum and get in at the top around the 145.500 area.
This should be a fake out and looks like an op to catch the ride down on the trapped traders.

However price is in a strong uptrend and it actually could break 145 and keep going up.
In this case I will look to get in on the second retest of the 145. Key Lvl.

Going to have to let the market come to us on this one.

Will update.
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