Shorting GBP/JPY
- Price is now at the top of the resistance line
- Candles are indicating a uncertainty and possible direction change
- Signal line is moving towards crossing the MACD line
- Histogram is weak and potentially going to turn bearish
- Stochastic Oscillator is showing an overbought market
I have split the trade into 2 with two TPs which can be seen with the yellow line. Once TP 1 is hit, I will change my stop to a trailing stop loss.
- Candles are indicating a uncertainty and possible direction change
- Signal line is moving towards crossing the MACD line
- Histogram is weak and potentially going to turn bearish
- Stochastic Oscillator is showing an overbought market
I have split the trade into 2 with two TPs which can be seen with the yellow line. Once TP 1 is hit, I will change my stop to a trailing stop loss.
Note
UK debt hits £2Tn for the first time ever!!Note
TP1 hitNote
TP2 hit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.