GBPJPY a nice short term sell for the asian session

11 במאי 2016

The GBPJPY is in a daily down trend , it is now making a corrective move up, this looks like a pullback of the up move so a short term sell to the 50 fib seems like a good idea. Expecting one more up move within the down trend.

Trade with care and remember trading is not a quantitative business it's a qualitative business, simply put if you add 50 bad ideas together you don't get one good idea. All you need is good understanding of structure (wave analysis) and one great setup!

Thanks for your support.