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KEY REASONS FOR SELLING GBPJPY:
*A LIQUIDITY GRAB IN THE FORM OF A FAKE-OUT OF THE CHANNEL TOP
PAIR IS AT A POSSIBLE STRONG SUPPLY LEVEL
PAIR SHOWING STRONG DISTRIBUTION AT A DESCENDING CHANNEL TOP
PAIR PLAYING NICELY WITHIN A MULTI-WEEK DESCENDING CHANNEL
PAIR ALIGNS OFTEN WITH GBPUSD PERFORMANCE
PAIR HAS MADE A RESISTANCE AT KEY R/S LEVEL @152
YEN MAY STRENGTHEN BASED ON RISK-OFF MARKET MOOD IN COMING DAYS
We had to take another sell position after we got taken out by a sort of fake-out at the channel top.
Now, we are in profit and the position runs risk-free.
Always remember that nothing is fixed in this FX market. So, obey your rules, your plans and management.
And bear the disclaimer below in mind. Thank you. Leave your comment below, please.
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
KEY REASONS FOR SELLING GBPJPY:
*A LIQUIDITY GRAB IN THE FORM OF A FAKE-OUT OF THE CHANNEL TOP
PAIR IS AT A POSSIBLE STRONG SUPPLY LEVEL
PAIR SHOWING STRONG DISTRIBUTION AT A DESCENDING CHANNEL TOP
PAIR PLAYING NICELY WITHIN A MULTI-WEEK DESCENDING CHANNEL
PAIR ALIGNS OFTEN WITH GBPUSD PERFORMANCE
PAIR HAS MADE A RESISTANCE AT KEY R/S LEVEL @152
YEN MAY STRENGTHEN BASED ON RISK-OFF MARKET MOOD IN COMING DAYS
We had to take another sell position after we got taken out by a sort of fake-out at the channel top.
Now, we are in profit and the position runs risk-free.
Always remember that nothing is fixed in this FX market. So, obey your rules, your plans and management.
And bear the disclaimer below in mind. Thank you. Leave your comment below, please.
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.