Nemo_Confidat

GBP/JPY - Short; Watch for a reversal here

Kort
Nemo_Confidat Uppdaterad   
FX:GBPJPY   Brittiska pund/Japanska yen
This pair is very likely to react here, for a 200 pip drop. Wait for a clear reversal, though!
(When two Cypher Pattern's PRZ are this close together, usually there is a brief reaction off of the first PRZ and the turn happens in the second PRZ - Much like the case here.)

Here is a close up;
Kommentera:
Second Chance to get in on this Short
Sell it off of 161.70 and there is a 20 pip stop for +200.
Kommentera:
Now it's just a strait drive to 159.50.
Trade stängt manuellt:
I'm outta here.
Took +100 pips out of this and there is no point on wasting any capital here ...
... when there are far better trades out there! (EUR/USD Short, USD/YEN Long, etc.)
Handel aktiv:
Buy it up!!
LONG
Handel aktiv:
Buy it up - LONG!
This is likely to hit that major PRZ, one more time, before fully reversing.
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Here is a good Long Entry;
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As projected.
Get ready to Buy it up! - LONG
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LONG with tight stops!
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IFF this low holds ...
... Then
Kommentera:
Buy it up! - LONG
Kommentera:
Buy it up! - LONG
Kommentera:
Buy that Stop Hunt!! - LONG
Handel aktiv:
Buy it up! - LONG
Handel aktiv:
LONG - for now.

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