GBPJPY_Intraday Short Only

FX:GBPJPY   British Pound / Japanese Yen
The story of "Brexit" referendum was now behind us but the time after seems to be more difficult, for now many administrative works must be got done by the authorities.
To make a trade setup during these times it is not easy, because many things must be considered carefully.
So about the strength of cable in the next 6 months I am the opinion that it will remain weak and confused.
About the JPY the BOJ will not enter in the position to ease more money at this moment, for they need to " smell" the markets, else their stimulus will bring no great effect what they are expected for. Therefore I prefer to short GBPJPY             for the next couples of weeks.

My first short trade setup for GBPJPY             for to day is labeled on the chart at around the price of : 135.350
S/l @ 136.550
T/P@ 132.230
This trade setup is valid for intraday only but I prolong it until the lunch time of Asia session by tomorrow on June 28 2016; in case the sell limit at 135.350 will not be hit, I will cancel it then.
Trade well!


Comment: Some main reasons for an intraday short:
As we see that at H1 TF the prices were closed below my drawn down channel on the upper grey color line thereof. I just measured a very small price movement and picked out the fibs 0.5@ around 135.350 as a short entry position. Due to the small piece of downward movement of a the last big move down, I therefore decide to make an intraday short for it.
Trade active: sell limit hit, the journey begins.
Trade closed: stop reached: S/l hit, trade closed.
Get our App for trading signals at:

Read our blogs at:

Read our ebooks for free at:

I think it will pullback more than your stop loss!
it can be, but it has been planned and I have to trade according to the plan :) The pull back potential is yet high due to many factors, therefore I put that just as intraday. Thanks for your comments.
veritasfx NamMinh
SL ?
NamMinh veritasfx
yes, and it was updated above; at it called: trade closed: stop reached.
veritasfx NamMinh
It always happen: it turnes direction after sl :)
NamMinh veritasfx
it counts in the long run and not in a trade, and s/l belongs to the game :) My setup was more than 30 pips in profit, but I have not moved to entry position.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out