GBPJPY - Short
Updated
Shorting at a very important resistance level, big amount of sell orders here.
Small risk, high profit.
SL : 139.963
Entry : 139.850
TP 1 : 139.553
TP 2 : 138.165
Small risk, high profit.
SL : 139.963
Entry : 139.850
TP 1 : 139.553
TP 2 : 138.165
Trade active
Position enteredComment
Doubled my position, trade looks solid to me70% Tp 1
30% Tp 2
Comment
Resistance has done extremely well, however, bulls have been damaging it a lot, it lost 40% of the orders in the last attack, bulls appear to have backup orders at 139.900 in case it goes wrongThere seems to be a very big hidden buyer which has been able to compete with a ton of retail sellers at 139.850...
Comment
Correction : Bears appear to have backup orders at 139.900, however it may be a bear trap. We can't be sure until the price has been touchedComment
A huge hidden order is located @ 139.798, if we are able to go below this level price will most prob drop in free fall until first TPComment
Comment
Everyone is bullish EXCEPT US! Is that good? Well checking the order book, around 4% of ll net positions are long here, which means, a bad move will activate all those stop losses and colapse the price... If so RIP bulls, this might just have become a bull trap...
Trade active
As I said, bad move happened... RIP BullsComment
Comment
Move stop loss @ 139.900, resistance is completely destroyed after that huge buy order, we still in the trade but must be safe!Trade closed: target reached
Clear bull trap! Money in the pocket.
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