GBPJPY has broken south of the upwards channel, giving us an even strong signal to the downside.
1. Daily RSI in sell zone
2. Up trend line broken south.
3. Strong bear candle close.
4. Large time frame still bearish.
Look to enter near backside of up trend line. (Past support becomes new resistance)
Entry 1 @ 136.75
Entry 2 @ 137.20
TP 1 @ 133.60
TP 2 @ 135.50
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
1. Daily RSI in sell zone
2. Up trend line broken south.
3. Strong bear candle close.
4. Large time frame still bearish.
Look to enter near backside of up trend line. (Past support becomes new resistance)
Entry 1 @ 136.75
Entry 2 @ 137.20
TP 1 @ 133.60
TP 2 @ 135.50
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Comment:
Sell Entry has been taken.
Comment:
Profits taken at 190 pips gain with 2 sell entry pips. Remember, we have long term targets but take profits in between to maximize profits and protect profits. Will sell on retrace.
