JJFX_Trading

Potential Short Oppurtunity - 2020/04/22

Short
FX:GBPJPY   British Pound / Japanese Yen
I've been short bias on this pair since price broke the consolidation area at 133.852. Price broke previous support zone at 132.493. As price broke this area we started looking for rejections on this zone to indicate to us price might continue to the downside. When then saw nice rejections and we're also seeing this 4h candle pushing into this zone for the last time. I'm in on short trade and I'll be looking to take profit at 130.640.
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.