Potential GBPJPY Short

10 בנוב׳ 2020

IT looks like a messy H&S pattern potentially. With a crazy rally over the last 24 hours, it could be setting up for an almighty drop. The Covid Vaccine is a few months away & other companies fell over at the next stages. UK still has Brexit to look forward to, Biden is pro Euro. So a few potential pitfalls for the UK. I think the rally was 100% down to selling off of the Yen and not buying of the Pound.

Let's see - leave comments and thoughts below.


Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

20 בנוב׳ 2020

הערה

24 בנוב׳ 2020

הערה

Potential double top forming. The price is running out of steam from the looks of it.

26 בנוב׳ 2020

הערה

looking at the Delta Turning points on this pair - next date Sunday and then into Jan (main dates) tradingview.com/chart/svYCMedY/

27 בנוב׳ 2020

הערה

this could have a nasty spike up from here to collect liquidity.

27 בנוב׳ 2020

הערה

Retail sentiment about 73% short. So it needs to pop up to drop down. I would be very surprised if it just takes a drop from here. 139.00 level