GBPJPY / 4HR / SHORT STRUCTURE + CONFLUENCE Short

British Pound/Japanese YenFXCM

Description

⋅ Apr 28, 2015 12:30 AM

Good morning traders,

Today I'm looking at the GBP/JPY on the 4 hour time
frame and have analysed a nice opportunity to short
the market.

We have 2 Fib extensions at previous structure levels,
giving us a nice PRZ. My targets are at the next 127%
at previous resistance becomes new support.

Stops and Targets are in place, let's keep an eye on
this trade together.

Star Prosper
Philip Stewart

Comments

Fib.The.Gentleman

⋅ Apr 28, 2015 5:15 AM

There you go Phil.

Checking your Video at Lunchtime!

UnknownUnicorn168204

⋅ Apr 28, 2015 5:59 AM

Hi Clay, thank you for your support as always. It had an error uploading, I'm reuploading it now, will be up within the hour :)

mcpeacocks

⋅ Apr 28, 2015 12:46 AM

Hi philip, nice one. also have a look at the daily trendline and Ma's they all seem to confluence here

good luck!

UnknownUnicorn168204

⋅ Apr 28, 2015 1:10 AM

Very nice eyes MCPea :) Let's make some pips together