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TB305

SHORT on GBP/JPY

Short
British Pound / Japanese Yen (FOREXCOM:GBPJPY)  
TB305  
FOREXCOM:GBPJPY   British Pound / Japanese Yen
Support and Resistance Supply and Demand GBPJPY SELL sellsignal short Moving Average Convergence / Divergence (MACD) goldencross overbrought
3
0
supportandresistance supplyanddemand gbpjpy sell sellsignal short macd goldencross overbrought
Price is currently falling from a major resistance area on this pair.

I have a golden cross on the MACD and the RSI is also curving downwards from the Overbought state.

Here is the play I will be taking on this trade:

ORDER TYPE = MARKET SELL NOW
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 156.911
STOP LOSS = 158.502 - 155 PIPS
TAKE PROFIT = 154.276 - 261 PIPS
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