A short signal appeared on GBPJPY at 145.92.
The signal appeared after a significant downtrend occured.
In situations like this, it's a good idea to trade conservatively, especially given that price is hovering around a longer term S/R level.
I look to take profits at close range targets, for me that level is 145.72, which lines up with the close range support level.
The total move was close to 50 pips, before price moved back up.
Price moved up and reached a moderate S/R level around 146.25, and has stalled at it in the short term.
Given that we have been in a recent downtrend, I would look for further signs of weakness.
There are many ways to trade Signal Stream.
Signal Stream signals have a high chance of hitting their targets even if the market moves in the opposite direction, long after the signal appears.
It's like the market is attracted back to these levels if they don't hit it immediately.
Celebratory sale for signal stream happening now!
Get lifetime access to this subscription indicator for a one time payment of $67 USD.
This offer is good for the first 100 clients, after that it will be going to monthly subscription at a higher price.
PM me for details or learn how to purchase Signal Stream here!
The signal appeared after a significant downtrend occured.
In situations like this, it's a good idea to trade conservatively, especially given that price is hovering around a longer term S/R level.
I look to take profits at close range targets, for me that level is 145.72, which lines up with the close range support level.
The total move was close to 50 pips, before price moved back up.
Price moved up and reached a moderate S/R level around 146.25, and has stalled at it in the short term.
Given that we have been in a recent downtrend, I would look for further signs of weakness.
There are many ways to trade Signal Stream.
Signal Stream signals have a high chance of hitting their targets even if the market moves in the opposite direction, long after the signal appears.
It's like the market is attracted back to these levels if they don't hit it immediately.
Celebratory sale for signal stream happening now!
Get lifetime access to this subscription indicator for a one time payment of $67 USD.
This offer is good for the first 100 clients, after that it will be going to monthly subscription at a higher price.
PM me for details or learn how to purchase Signal Stream here!
