GBPJPY SHORT TRADE IDEA
British Pound/Japanese Yen FX:GBPJPY
GBPJPY has rejected a long term trend line with a lovely Pin-Bar Candlestick on the Daily time frame. This Trend line is also in confluence with resistance at the round number 150.00. Now that Price has given conformation with this candle stick we have entered the trade short as close to the top of the wick giving us a great risk to reward ratio if this trade plays out. will we see price move back down to find support around the 148.00 level or break highs and trade more to the long side ?