MRamos

Idea on Sorting opportunity

FX:GBPJPY   British Pound/Japanese Yen
118 7 4
Hello,
Here we have a possible Shorting opportunity. The Prime Reversal Zone. PRZ.
Is off a Daily Chart . We had a lot of movement up close to the area but not in yet.
With JPY news coming out later tonight. Look for Entry to sell in this area. On lower time frame you can look for a double top or Advance pattern to time your entry. I have placed trend lines where we could take profit. combined with
Reversal zones that are circled. With the last circle being the target. this set up leaves us with a 3:1 RR.
If this Pair happens to stop us out, Then we use the PRZ as an area to Buy in a retest zone.
Just an Idea.

Good luck.
MRamos
a year ago
Title should say Shorting not sorting. LOL
+1 Reply
Vostiothenjo
a year ago
Nice job Ramos good luck too...
Reply
Vostiothenjo
a year ago
Lol what are you snorting hahahaha!
Reply
Vostiothenjo
a year ago
Sorting???
Reply
MRamos Vostiothenjo
a year ago
LOL.... Maybe that's the problem I'm not snorting anything. Thanks for the Nice job comment
Reply
SmartTradingFX
a year ago
Pulled +75 PIPs from this pair and pretty much same trade yesterday! Good work
Reply
MRamos SmartTradingFX
a year ago
Good Job! SmartTrading.
+1 Reply
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