cvfxwealth

GBPJPY Right Tip Sell Signal

Short
FX:GBPJPY   British Pound / Japanese Yen
Price has come up to retest resistance area and right tip of king's crown.
RSI is lining up in the sell zone perfectly in this area giving us an indication of downward movement.

Current Entry @ 137.35 area
TP @ 136.00


Good luck and let me know if there are any questions.

Charles V
CVFX Management
Trading made Simple
Comment: Right tip resistance area rejected, expecting to head south now.

Comments

Nice call - it feels like GBP strength is slowing. surprised it's gone as far as this if I'm honest.
Reply
cvfxwealth Mayfair_Ventures
@Mayfair_Ventures, Definitely agree, this is a minor correction and we should see GBP weakness continue.
Reply
@cvfxwealth, it's designed to catch retail traders long. The whole sentiment on IG index is now closer to 50/50 with 13% shorts taken off. Which is the ideal situation for the smart money.
Reply
cvfxwealth Mayfair_Ventures
@Mayfair_Ventures, Very well put!
Reply
@cvfxwealth, it's playing the game - you got low volume at 137.85 level so i think given the speed up. Liquidity is being gathered for some Brexit news. Or that's what we are seeing overall.
Reply
Great work
Reply
cvfxwealth corndogg92
@corndogg92, Thanks, friend. Let me know how I can help in any way.
Reply
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