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motleifaul
Apr 30, 2018 12:53 AM

Support Broken Short

British Pound/Japanese YenFXCM

Description

We broke the support below the previous corrective downwave and are looking for the bottom now.

Trade closed: target reached

Should have closed yesterday. The profit would have been much higher.
Comments
RAMbelhaj
So
I go short now?
motleifaul
@RAB2018, This is what I am preferring. What you may do depends on your wish and possibility to bear the risk. Thwe risk is that we are still only only correcting the rise since the begin of March and will rise from now on again. Another risk is that we may correct the little decline since 26th April and may rise, say, to 150.50. It's up to you whether you hold my idea for reasonable that the decline done on Friday is to strong for a simple correction and may result in a further drop and may live with the loss if my idea may prove to be wrong.
It is my idea and the profit will be mine - and so will the possible loss. If you like the idea and think that it fits to you then feel free to join but be aware that there is no guaranty - never.
RAMbelhaj
@motleifaul, thanks.
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