GBPJPY Short 2017/12/18

Two Magic-Entry opportunities on GBPJPY M5 last Friday. The downward trend gained momentum indicated by the the blue and orange line which started leading the price strongly.

The price then reached the entry zone. Within this entry zone you wait for occurrences of price spikes to the upside which are immediately rejected. Those price spikes plus the rejection for an inverted V (for short trades). Those inverted Vs within the entry zone during a strong downward trend are the Magic-Entries which you want to trade with this system.

At the bottom of the chart you see a big V-formation. This tells you that the downard trend is most probably over. Further short entries should NOT be taken. Play the odds and wait for the next strong trend.

This FREE Indicator Can Transform
Your Trading!!

FREE Indicator + Telegram Group

Request the Ultimate Double Top/Bottom Indicator which is used by 10,000+ traders.

About Me

I'm Mike Semlitsch the owner of PerfectTrendSystem.com. My trading career started in 2007. Since 2013 I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. 

The following performance was achieved by me while trading live in front of hundreds of my clients:

Connect With Me: