Get started
British Pound / Japanese Yen
Short

GBPJPY Sells

By prathib99
Updated
The weekly closed bearish very strongly last week. Therefore i am expecting price to drive down with ease. Im expecting a good volume pushing down to the next support if the low of the previous daily is broken. This trade will only be valid if the high of the current daily candle is respected, which is why stop loss is at the high of the current daily candle. This si high probability trade.
Comment
Since the current 4H make a top wick then started breaking the low of the previous 4H candle, i am now going to be moving my SL to breakeven, making this a risk free trade :)
Trade closed: target reached
TP smashed! It was beautiful price action coming down from GJ right before london session close on Monday. Very happy with how this trade went, as we managed to capitalise on the whole move whilst maintaining risk management. Lets get it !!!!
Trend Analysis

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.