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Refimadon
May 26, 2020 6:52 PM

GBPJPY are the bulls done? Short

GBP/JPYOANDA

Description

Planning to go short post rejection. Minor indication that price might revert to the downside however the daily and Weekly chart indicating long term BUY.
Plan A - Go short post rejection on the first resistance level
Plan B - Wait for rejection on the second level then buy the pullback

Trade active

Short entry placed.

Trade closed manually

Canceled this order and placed a short term buy o the upside and hit my TP. Still watching this area as the price might break through the resistance level and I will place a BUY but If it trends downwards and breaks through the support level I will place a SHORT entry.

Comment


Almost close to our resistance area If it breaks through I might enter a short term buy otherwise I am only interested in the pullback.
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