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Tshaw7
Apr 7, 2019 3:56 PM

GBP/JPY Short trade continuing trend.  

GBP/JPYOANDA

Description

Perhaps an opportunity for a short trade to the downside, as we can see a level of support and resistance around 146.483 that has been tested on multiple occasions. Price could potentially rise up to the most recent support level (Highlighted zone) and continue on the down trend. Or perhaps break through and contest the level that we see higher on the chart and again continue trend and push toward the downside. SL (stop loss) placed above the highest recent high (highlighted red) and TP (Take profit) around the level of the most recent support line (144.745)

Comment

Sorry TP at 144.950
Comments
UnknownUnicorn216436
Nice clean first chart Tom!
Tshaw7
@masumhussain, Thanks Masum!
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