myfxhub
Short

GBPJPY SHORT TRADE IDEA

FX:GBPJPY   British Pound / Japanese Yen
GBPJPY has rejected a long term trend line with a lovely Pin-Bar Candlestick on the Daily time frame. This Trend line is also in confluence with resistance at the round number 150.00. Now that Price has given conformation with this candle stick we have entered the trade short as close to the top of the wick giving us a great risk to reward ratio if this trade plays out. will we see price move back down to find support around the 148.00 level or break highs and trade more to the long side ?
What an excellent spot. I wish I had seen this yesterday! Congratulations.
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myfxhub Sampson77
@Sampson77, thank you much appreciated. Yes it was a lovely trade set up all our team members had a great day. I have just posted a similar set up on EURJPY if you would like to have a look ?
+1 Reply
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