Time to short GBPJPY for a quick scalp trade! The downward trend is continuing. On the hourly chart I’ll shorting with the following conditions:
All of my Moving averages are flying over the downward trend and I usually use the fibonacci retracement levels to set my Take Profit. In this case 161.8 seems achievable. I chose the TP slightly higher just to be safe.
Let’s see if I’m right! 🙂
Keep you posted!