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DanDoesTrades
Jun 6, 2020 1:15 AM

GBPJPY SHORT +140PIPS Short

British Pound/Japanese YenFXCM

Description

GBPJPY SHORT
- Its been over bought crossed 70 on RSI , should begin a downwards trend over the following days :)

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Comments
Dips007Trading
Yes. Already in trade as price hit my zone. I see 290 pips DOWN. This uptrend was unnatural and did not reflect true value due to divergence spotted in RSI which line up to trend lines and fibs (just massive short squeezes upwards all of last week and mass bored covid lock down investors and a deliberate contrarian move UPWARDS to cash in on rightful mass shorters and make them loose ( a market manipulation).

As price action traders, our task is not to judge the market but trade on price action only (to know this info I thought may be helpful to others) which was OPPOSITE move to overall market sentiment which was SHORT) market always corrects itsleft to true value...so get ready (is my take) good luck x
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