KeeneOnMarket
Short

A Re-Enter of a Short GBP/JPY at Resistance of 169.893

FX:GBPJPY   British Pound / Japanese Yen
133 1 2
Currency Pairs trade best using the Ichimoku Cloud on a 4 Hour bar. The best part of this is that you only have to look for trade-set-ups 6 times a day, This happens at 12,4,8,12,4, and 8 everyday at Central Standard time. So, today we see a great Short Set-up if you are a mild pullback trader. I know I am a breakout trader, however many traders are not as aggressive as me. So, the Trade:

Selling the GBP/JPY             at 169.9
STOP LOSS: 172.37

Target #1: $168.65
Target #2: $167.4
Once I hit Target #2, if I want I can move to stop to breakeven

Target #3: $166.20
Target #4: $165.01
Kind of confused here. You're shorting on a level that the price is not currently at. So this is just a set-up *when* the price will reach that level, correct? Like a proposed setup when it reaches that resistance.
Reply
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