The Money Dance- Short GBP/JPY

5 day Chart Above

1 Year Chart Above
5 Year Chart Above

Last Night GBP/JPY was at support. Buy at support and sell at resistance. Well I bought with a small position knowing I really wanted to short this thing. Well 2AM I wake up toasted from the electric blanket and came down and checked on this trade. I was stopped out. No big deal. One quick look at the chart and it has broken support . Went short at 2AM.

I closed all positions at 5:45pm until this consolidation breaks or a retracement happens.

So in 15 hours I made $5 for every $1 at risk. The best part this move has just begun.