Wednesday, December 12, 2012

GBPJPY Channel Short Trade

myfxvoyage.blogspot.com GBPJPY Channel Short Trade
GBPJPY Daily
I am watching this setup from past few sessions and have trade it well previously. Initially I went short at 132.48 and booked at 132. Previous post [here].

Price is moving along the channel's upper trendline. 

But now a horizontal resistance is also coming up which should halt this move. 

I went short at current market price at 133.15 with a stop above the resistance area. I plan to another short at 133.40  with same stop.


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