Had similar positions which were following similar patterns on the 15m (GBPJPY + EURUSD). Circles demonstrate struggle to break a resistance level, once it struggled again at 13:00 to break that level, that gave me an indication to short. Had no SL on this position, however I was watching it to make sure it followed the patterns and if it were to long then I would have simply closed the position.
Note
Looking back, this position and EURUSD are identical!Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.