morganzebb88

00:16

morganzebb88

Shorted USD/JPY last week and this video shows the trade I made from start to finish. After a long bullish rally USD/JPY made a lower low on the 4hr which gave a great opportunity to short at the retracement. There was a confluence zone as highlighted where the price rejected the 61.8 fib level and the previous support now turned resistance zone. Entry on the...

morganzebb88 Updated 

GBP/JPY is currently retesting the broken trendline and just about didn't reach the 0.618 fib level. There is also previous support levels on the left now likely to become resistance. These 3 factors make this area a good confluence zone to short the pair. The price seems to be rejecting this area however, I will wait for my entry confirmation before entering...

morganzebb88 Updated 

Entered the trade on Friday and put my stop loss at breakeven going into the weekend. I expect for my target to be hit next week considering the strong bearish reaction however, the worst case scenario is for the trade to break even since the stop loss is now at the entry price. This is my first trade of the year so January is off to a decent start and...