SHORT ON GBP/JPY
Price has been falling from a major supply zone.
Price has also retracted from the 50 fib level and gained momentum with a massive bear candle.
I expect price to get to the next major demand zone below.
Here is the play I will be taking on this pair:
PAIR = GBPJPY
ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 153.652
STOP LOSS = 155.520 - 186 PIPS
TAKE PROFIT = 151.125 - 252 PIPS
Price has also retracted from the 50 fib level and gained momentum with a massive bear candle.
I expect price to get to the next major demand zone below.
Here is the play I will be taking on this pair:
PAIR = GBPJPY
ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 153.652
STOP LOSS = 155.520 - 186 PIPS
TAKE PROFIT = 151.125 - 252 PIPS
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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.
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.