Saturday, February 4th, 2012

GBPJPY Bounce

1

If the GBPJPY closes below 152.60 I’ll be taking a short position off of the resistance bounce w/ a PT at 151.20 (next S/R level as well as a likely place for the 800sma to be) and a SL at 153.40 (2 minor S/R levels away from entry).

Here’s the chart.

The GBPUSD may be bouncing off of resistance as well, but the break isn’t as clean so I like this one better.

Comments

One Response to “GBPJPY Bounce”
  1. Triffany says:

    I thought I was going to come back to my computer and say “just take profit on this one already,” but it has already done it for me! Yea!

    I’m done for the week then. I felt thankful to get this setup last night after all the weird movement this week.

    Are you all still trading? How did your week turn out?

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