GBPJPY Short Trade Analysis 14/12/2020
Bearish intraday trend set up on the GBPJPY FX currency pair.
Last week saw a very bearish Friday candle closure and bearish weekly candle closure. Over the weekend there was a gap up into wait I believe to be a good short trade entry zone. The last 2 highs formed were lower highs and a lower low was made last week around 137.00.
I think the bearish trend might continue down now although GBP is very headline driven at the moment as expected.
I am using last weeks lows (137) as TP1 and then new lower lows at 135.800 for my TP2. If price continues to trend downwards then I have the next support zones marked on the chart for your references.
Last week saw a very bearish Friday candle closure and bearish weekly candle closure. Over the weekend there was a gap up into wait I believe to be a good short trade entry zone. The last 2 highs formed were lower highs and a lower low was made last week around 137.00.
I think the bearish trend might continue down now although GBP is very headline driven at the moment as expected.
I am using last weeks lows (137) as TP1 and then new lower lows at 135.800 for my TP2. If price continues to trend downwards then I have the next support zones marked on the chart for your references.
Transaction en cours
Trade fermée: ordre d’arrêt atteint
Stop loss triggered on this trade unfortunately.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.