advert

Short Entry on GBP/JPY

Posted on 14. Jul, 2009 by in Forex Signals

Some days ago we had a hard fall on the GBP/JPY, as stops were taken out. Since then it has tested the Fibonacci resistance just around 151.837. Currently the pair is trading just above this spot just around 152.075 which I where I am going to enter on a short trade with a stop loss at 153.652 and my TP target being open for now. I will enter this trade with 1% of my balance on my stop loss of 157 pips. Let’s see how things play out.

Short GBP/JPY

Related posts:

  1. Update on yesterday’s trade and new entry
  2. Possible short entry on GBP/USD
  3. 300 Pip Rally and a Short?
  4. Possible entry on GBP/JPY
  5. EUR/USD – Currently Short

Tags:

Are you ready to become a profitable Forex Trader? First of all, you need to be certain Key Elements to be in place, such as your Psychological Mindset, a good Broker and Trading Platform, Capital, etc.

Here you can read more about how to get started in Forex Trading.

Once you have gone through the Essential Elements, it's time to spice up your trading. You can read my reviews about other services and obviously don't forget to sign up for my Free Signals.

Also, don't forget to read about these cool tools which can take your trading to the next level... More Tools and Resources

No comments.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>