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Reversal coming soon???

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Hope everyone had a wonderful Holiday season.  The Holidays is not over but the year is about to end.  We have been holding on to our short for three weeks now and we are very happy with this end of the year trade.

Looking forward to the New year ahead we are seeing a possible top at around 140.00 level.  Technically round numbers are good resistance levels and we are currently on the end of a three drive reversal pattern that should end at around 140.00  We have our stops set and take profit at 140.00 getting ready to short GBP/JPY at 140.00 depending on the price action when we get there.   We encourage our followers to set your alarms at 140.00 and if price action gives us the opportunity to sell take the trade, the only reason for this trade to be invalid is if we go below 138.20 before we reach 140.00.

The best trades are the one’s you know in advance.  Trade with confidence and Happy New Year to all.  We hope and wish everyone a prosperous New Year, and more pips to come.

Get ready to put your shorts on.

Get ready to put your shorts on.


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