Trade Idea: Potential short for+/- 130pips setting up on #GBPJPY
It is the 4th day of 2021 and the #GBPJPY is eager to show intention.
Very high volumes of supply started to enter the market on 31 December 2020.
Selling pressure mounted on 4 January 2021 during the Asian session.
With all the weakness present and after having taking out the high
that was formed on 24 December 2020, price is now showing willingness to move lower.
The first of 3 confirmation criteria for a short is now in place (see red arrow on chart).
However, before short side continuation, price might first test the 141.10 area.
See chart area for potential entry, stop and target levels.
Happy trading and good fortune
ps. follow us @analytixcm to see real-time trade management
Very high volumes of supply started to enter the market on 31 December 2020.
Selling pressure mounted on 4 January 2021 during the Asian session.
With all the weakness present and after having taking out the high
that was formed on 24 December 2020, price is now showing willingness to move lower.
The first of 3 confirmation criteria for a short is now in place (see red arrow on chart).
However, before short side continuation, price might first test the 141.10 area.
See chart area for potential entry, stop and target levels.
Happy trading and good fortune
ps. follow us @analytixcm to see real-time trade management
Dagangan aktif
Second confirmation criteria in place. Short portfolio active. See chart for target trade management levels.Dagangan ditutup secara manual
Short portfolio closed for +143 pips. For detailed live trade management of this portfolio see more @analytixcm.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.