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TomasValko
Mar 12, 2015 8:01 AM

Pending short on GBPJPY Short

British Pound/Japanese YenFXCM

Description

After yesterdays downfall during the night little retre but im not satisfied with its size so waiting on 181.873 with one short of 0.1 lot and targeting 180,875 that represent the upper boundary of 50% fibo retre. After that expecting again down move. Wehen the order will be opened i will set BE +15 pips or +20 pips and later set again trailing stop.

GL friends
Comments
TomasValko
Movement down ,...depends on USD data ,...possible scenario it just want to create second leg down to test again 181,000 after that again BUY settup to the area around 181.9 where is also my pending short.
TomasValko
Still invalid signal for me , if it will be hit im happy. But if not nevermind another trading oportunity will come. Have som positions on NU (have a look if interested) . For now on GBPJPY im neutral.
TomasValko
There should be some retracement to Kijun Sen line ,... for me it still doesnt want go down for now.
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