GBP/JPY (15/2/18) *You have 2 options
It had an impressive sell down from 2 Feb of +600 pips!
Now it has hit hough support levels and many of the longs' stop loss are already taken out.
So, for the time being, I say the bears have met their objective.
I can swing back up 152.33 (or) 153 as a momentum shift.
So, you have 2 choices.
1. GO Long with the extreme caution
2. Sit Back and wait the price come to serious resistant level with preferred price action to appear. Go for a short trade.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
Now it has hit hough support levels and many of the longs' stop loss are already taken out.
So, for the time being, I say the bears have met their objective.
I can swing back up 152.33 (or) 153 as a momentum shift.
So, you have 2 choices.
1. GO Long with the extreme caution
2. Sit Back and wait the price come to serious resistant level with preferred price action to appear. Go for a short trade.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
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Now it has hit tough support levels and many of the longs' stop loss are already taken out.
So, for the time being, I say the bears have met their objective.
It can swing back up 152.33 (or) 153 as a momentum shift.
So, you have 2 choices.
1. GO Long with the extreme caution
2. Sit Back and wait the price come to serious resistant level with preferred price action to appear. Go for a short trade.
Trade Safe