Get started
cheetahtrades

GBP/JPY Short

Short
British Pound / Japanese Yen (FX:GBPJPY)  
cheetahtrades Updated   
FX:GBPJPY   British Pound / Japanese Yen
Chart Patterns priceaction nakedtrading
5
3
chartpattern priceaction nakedtrading
If Price breaks above and taps 135.00 and closes back below highlighted area than we have our short signal, If price
trades at the current level entering the London Session we can look too short. If price breaks above highlighted area
only logical long would be to wait for the highlighted area to be re-tested.
Comment:
Stop Loss should be moved to break even to protect your position.

Price is currently at 134.000

I believe price still has enough gas in the tank to make another push to the downside
a clear Take Profit target is 133.50. 15 Min away from a fresh 4H candle I am definitely expecting a drop, but a fresh 4h candle could retrace from 134.00 into 134.500 before another sell off drop.
Comment:
GOOD Trade GUYS!
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.