GBPJPY - Short Log
Updated
4 or 5 time price failed to break above 78.6% retracement of the most recent bearish impulse move.
Price has created LL but same highs
inside of a bearish channel this being the top
bearish candle patterns at this top on multiple high time frames i.e. - hanging man and inverted hammer
Target 1 is 61.8 of the bullish move target 2 would be the bottom of the channel, target 3 127.2 extension
Price has created LL but same highs
inside of a bearish channel this being the top
bearish candle patterns at this top on multiple high time frames i.e. - hanging man and inverted hammer
Target 1 is 61.8 of the bullish move target 2 would be the bottom of the channel, target 3 127.2 extension
Note
Forgot to mention the bearish divergence on all the highs on the 1H and 4H TF.Trade closed: stop reached
Lost 2 GJ trades in the last month, however only need to win 1 to make that back and then some I will look for another entry. once a lower higher is created after a support is broken.
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