Here’s an idea to fade the NY session on G/J down to support zone

The bearish approach is to Ride a 5 minute "5 EMA" and 15 Minute Stoch cycle down to the support zone and watch for the bounce there. This is a counter trend setup for today so please keep that in mind ! Risk up to 139.35 should do it. If you're a bull then its a waiting game until that zone gets hit.

The bearish approach is to Ride a 5 minute "5 EMA" and 15 Minute Stoch cycle down to the support zone and watch for the bounce there. This is a counter trend setup for today so please keep that in mind ! Risk up to 139.35 should do it. If you're a bull then its a waiting game until that zone gets hit.

06-29-gbp-jpy-2

If you tried the fade move then you might be interested in a second should it develop. Watch the Asia open for a time of day entry. I hope this is easier to view then earlier.

One thought on “G/J Short Opportunity 6-29-16”

  1. James Mauro says:

    Sorry if not clear. Tried to fix but not much better

Leave a Reply