GBP/JPY Short Idea
Hey Guys, GBP/JPY is trading under the 200EMA on the daily and the 4Hour chart. The Fibonacci retracements line up very well for a short. It has formed a bunch of bearish candle stick patterns after the touching the 50% level. In this trade right now with about 25 pips
My only real concern is that when I went through the Ideas section on the Trading view for this pair, majority of the ideas here are going for a short and that kinda scares me. Either its a simple short or most of us are going to be wrong. I normally trade against the general consensus. But my simple strategy points me towards a short.
Would love any feedback.
My only real concern is that when I went through the Ideas section on the Trading view for this pair, majority of the ideas here are going for a short and that kinda scares me. Either its a simple short or most of us are going to be wrong. I normally trade against the general consensus. But my simple strategy points me towards a short.
Would love any feedback.
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