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Sellsetup

GBPJPY selling opportunityHey there traders, After last week market shows us nice pattern of selling pressure. Let's see ##Daily Market broke the strong support zone... and made retest and shows us a nice rejection candle at the previous support zone. Bias = Down ##Hourly Market shows us a nice support zone.... trying to break that zone several times.....but did not In Monday we expect nice and awesome breakout of that support zone...... After the breakout market will fall nicely.... Good Luck Follow money management
Short
by LNY_Trader
2
CADJPY Short Trade Idea A bearish trade opportunity recently presented itself on the loonie-yen currency pair. This is indicated by the bearish harami candlestick pattern just below the 110.646 horizontal resistance level. This shows a rejection of the same resistance level, with potential price move downward ⬇️. Sufficient downward momentum should see price moving towards the 105.000 psychological level and possibly testing the strength of the 104.281 horizontal support level. As always, apply appropriate risk management. Happy trading!
Short
by charles-okoukoni
GCAD MASSIVE SELL Floating @ 1:17 RRR and CountingHey guys what is up, so gcad may be preparing to turn and go back up, I am closely monitoring it today as I do believe it is due for not just a big pullback or correction but I also feel like that most recent low (support) needs to be validated Let me explain why I think so - If everytime a trader buys support that support is broken..don't you think eventually that trader will get smart and stop buying support? This is my reasoning I believe it is a mind game the dealer is going to play here. Continue to allow traders to believe that support still is very much a thing - keep them on the ferris wheel if you will That being said worse case scenario for me I will close the trade around a 1:14 RRR there about which in my opinion is still worlds better than what the average trader aims to take home (1:3) We need to remember we cannot win every single trade so due to that what I like to do is when I am winning a trade see how long I can allow it to continue winning for This not only allows me to have a bigger buffer for when I inevitably lose but it allows me trade from a much more peaceful place as once you are in a winning trade you really just need to manage your stop loss (the work is done) Have a great day guys :)
Short
by Brandon_evo4