TomProTrader
Short

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

FX:GBPJPY   British Pound / Japanese Yen
558 8 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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Missed it... Nice one Tom
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very nice idea Tom i hope you will also like my one
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I have been looking for a shorting opportunity in this pair for a while. Your idea gave me confidence. Now I'm seeking a good entry point. Thanks for sharing your perspective!
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Agreed, looks viable.
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I hear ya buddy, just looking for a target for my short from 172.3 . . .
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Im seeing Elliotwave formation on alot of these pairs lately
liquidity runs up and down - if this pair holds here and wave 4 does not violate wave 1 trade zone then we will search for liquidity in another leg up (5th wave )
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Pravez cryptopicasso
I am also looking for long.
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Nice one mate, the H&S pattern gives an extra bit of confidence. All the BEST :)

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