GBPJPY - Short

Shorting at a very important resistance level, big amount of sell orders here.

Small risk, high profit.

SL : 139.963
Entry : 139.850
TP 1 : 139.553
TP 2 : 138.165

Zlecenie aktywne:

Position entered

Komentarz:

Doubled my position, trade looks solid to me

70% Tp 1
30% Tp 2

Komentarz:

Resistance has done extremely well, however, bulls have been damaging it a lot, it lost 40% of the orders in the last attack, bulls appear to have backup orders at 139.900 in case it goes wrong

There seems to be a very big hidden buyer which has been able to compete with a ton of retail sellers at 139.850...

Komentarz:

Correction : Bears appear to have backup orders at 139.900, however it may be a bear trap. We can't be sure until the price has been touched

Komentarz:

A huge hidden order is located @ 139.798, if we are able to go below this level price will most prob drop in free fall until first TP

Komentarz:

Komentarz:

Everyone is bullish EXCEPT US! Is that good?
Well checking the order book, around 4% of ll net positions are long here, which means, a bad move will activate all those stop losses and colapse the price... If so RIP bulls, this might just have become a bull trap...

Zlecenie aktywne:

As I said, bad move happened... RIP Bulls

Komentarz:

Komentarz:

Move stop loss @ 139.900, resistance is completely destroyed after that huge buy order, we still in the trade but must be safe!

Transakcja zamknięta: osiągnięto wyznaczony cel:

Clear bull trap! Money in the pocket.