GBPJPY - Look for the short

So,

Crazy rally on this pair this morning.

Price is approaching a clear resistance level.
We will wait for price rejection of that area (solid 1hr bearish close), and then look for shorts - DO NOT SELL INTO A BULL RUN!

Comentário:

Entered a small short now (3 15min bearish closes)
But still being cautious as not enough momentum downward to confirm trade yet

Trade fechado: stop atingido:

So as per the above, we only had a small position on this and got stopped out for 28 pip loss