TomProTrader

#GBPJPY: Seeing Clear Bearish Momentum- In The Money #Forex

Short
FX:GBPJPY   British Pound / Japanese Yen
16
Traders

Seeing some really nice bearish momentum off of a nice pullback after a clear bearish impulse leg. We have had a pull back which hit the 0.5 retracement, and a very strong bearish hidden divergence which is bound to create some momentum. The bearish engulfing at the top of the range is very indicative of what the investors sentiment was when we hit this level, and it was clear to me we are staying short. My trade is fundamentally and technically armed.

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Best of luck,
Tom
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