ColossusFX
Long

GBPJPY - FAKEOUT!!

FX:GBPJPY   British Pound/Japanese Yen
159 6 2
Fakeout break of last low!!

Don't trust it!!!!

keep long, keep strong!

Related Ideas

nick1236
7 months ago
how long do you see this fakeout lasting for? normal is only one hour at most? then gets shoots up the other direction
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ColossusFX
7 months ago
No idea, but I was expecting this, it clearly took a load of stops out and hopefully now we should be going north.
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AhmetAlperOzen
7 months ago
are you sure_
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ColossusFX
7 months ago
You can never be sure, but going on how this pair usually reacts at these levels this is what I believe...
Trade management is key.
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ColossusFX
7 months ago
snapshot
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ColossusFX
7 months ago
EU referendum poll was released Friday evening with poll leaning towards "Leave".
This put heavy bear pressure on all GBP pairs before market close.
We stopped at the April low and the bottom was bought up.
Have to see what happens next week, we are either going up, or break of 152 could see 148!
Reply
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