Get started
The808Trader

The British Samurai - GBP/JPY - Ichimoku Selling Idea

Short
British Pound / Japanese Yen (FX:GBPJPY)  
The808Trader  
FX:GBPJPY   British Pound / Japanese Yen
Chart Patterns Trend Analysis Technical Indicators GBPJPY gbpjpyshort Bearish Patterns ichimokuforex Ichimoku Cloud forexsignals forextrading the808trader
3
0
chartpattern trendanalysis indicator gbpjpy gbpjpyshort bearish ichimokuforex ichimokuclouds forexsignals forextrading the808trader
We had some big pushes down last week leading to a nice kumo breakout. For this run we've been respecting tenken sen really well. There's two ways this sell could form. The first is to look for a break of the support line I drew. If we head right down and keep respecting tenken sen, it would be an ideal time to sell and I've drawn out Take Profit levels and well as a possible long term swing target. If we fail to hold tenken sen, we may rise to kijun sen. If that happens I'll look for a rejection at kijun sen to sell. If we rise and break kijun sen then this setup will become invalidated. Either way I'll be looking for a sell first and foremost until proven otherwise.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.