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ExecutiveMadrid
May 17, 2017 12:43 AM

GBPJPY SELL IDEA  Short

British Pound/Japanese YenFXCM

Description

AS OF RIGHT NOW WE HAVE A SHIFT OF MOMENTUM ON THIS PAIR AND SHOULD START TO SEE PRICE DROP FURTHER DOWN. PRICE HAS REACHED A MAJOR S/R ZONE AND IS CURRENTLY MAKING LOWER HIGHS AND LOWER LOWS. I WILL RE-ENTER THIS PAIR FOR A SELL ONCE IT PULLS BACK A TAD BIT TO CREATE THAT NEXT LOWER HIGH. TRADE WITH CAUTION AND USE PROPER RISK TO REWARD.
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