Market Winning Trade Set-Ups for 08/31/2015


Currency Pair: GBPJPY
Closing Price: 185.88
Entry Order: SELL stop @ 185.84
Stop loss: 186.27
Take profit: 184.27

Analysis: Last week this pair broke down dramatically from a double-top price pattern. After a brief consolidation at current levels this pair finished at the low of the day on a key reversal price action. This pair looks hobbled, and penetration below the last session low price could be the catalyst for (much) lower prices to come.