davidfourxx

buys last night, shorts soon ?

Long
FX:GBPJPY   British Pound / Japanese Yen
I expected that if we broke the high we would push one more time into the 154.656 area. and when it did on a lower timeframe I took a long and took my profit at the resistance (154.656s). but now we could possibly be coming into shorts because of the huge rejection we got on the 1h, we will have to sit on our hands and wait for a break below the yellow area INSIDE the orange box. then you could expect a push to the down side if price action is proving it
Comment:
T1 first trade around 1:30am est.
T2 second trade around 6:45 am est.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.