abpatel1001

Possible short trade

FOREXCOM:GBPJPY   英鎊 / 日圓
Looks like the price broke the upward trend line and is currently at the structure/memory from 7/17/17. Stoch also looks like it may bounce, i will be waiting to see how we close on the daily candle and if we get a bounce will look to short (Around 1.48) or if we go lower will look to find a bounce on 4HR chart to short. (Will update with SL if i find a good place to short)

Long term i see a good cypher, but based on fib's i adjusted entry to 1.4080 and will try to go long in that area, but would want to see some kind of price confirmation on 4HR charts.
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