GBPJPY - Sell Possibility
Updated
Thesis is outlined in the chart.
Heavy 4H TF divergence > Bearish breakout already retested impulse followed by correction to 78.6%
Inverted hammer above box
Waiting for strong closing bearish candle and then retest of 199.504 to enter
90% probability based on rule parameters
Heavy 4H TF divergence > Bearish breakout already retested impulse followed by correction to 78.6%
Inverted hammer above box
Waiting for strong closing bearish candle and then retest of 199.504 to enter
90% probability based on rule parameters
Note
Price has broken below support > Moving SL to BE if I hold overnight. If I stay up some hours, I will leave it as is.Note
Stopped at BE overnight. Looking for signs to re-enter at some point. Setting Alert for price to break below the box. I am seeing divergence on the hourly TF with the new top that was created.Trade closed: target reached
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