FreeSignalsUK

UNLEARN what you know about trading.

Short
FX:GBPJPY   British Pound / Japanese Yen
137.000 is where i have a sell order set, this is because price should meet good strong resistance and 3rd trendline touch at this level. With trades like this a nice tight stop loss can be placed because if such a strong area is broke then price could explode up, but if this level is respected price will make a lovely run down.

137 is a lovely round number because do you think the big banks and traders sit there all day staring at the charts? NO they will set orders at key levels with round numbers! So when these orders are triggered so much money is poured into the markets that it will make price drop. The sooner you can start thinking like banks and big traders the sooner you will make money in the markets. You need to UNLEARN most of what you know about trading to become successful as half of it is probably rubbish and it will be that holding you back.

If you would like some help trading then send me a message.

Comments

Hm, it just hit it but seemingly staying stable. Your trendline reasoning seems very good though. I've set the stop at 137.1 and TP at 133 so lots of profit over the next couple of days if it does drop
+4 Reply
I put a short at 136.30
+1 Reply
FreeSignalsUK ash_act1ve
@ash_act1ve, How come? what were your reasons?
Reply
ash_act1ve FreeSignalsUK
@FreeSignalsUK, What you done exactly, i was following the trendline but it just shot up.
Reply
Dips007 ash_act1ve
@ash_act1ve ditto at 50
Reply
Dips007 ash_act1ve
my reasoning was I spotted but of divergence and Friday take profit day plus end of month bookings,
+1 Reply
Nice one man. I will love to learn alot from you.
Reply
Just entered as the 4 hour is showing a nice rejection, excellent work!
Reply
very nice man, I agree with this movement
Reply
Nice,👊🏼
Reply
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