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UnknownUnicorn772665
27 авг 2020 г., 10:34

GBPJPY Short Trade *140.00 resistance* Короткая

British Pound/Japanese YenFXCM

Описание

GJ showing multiple signs of rejection @ 140.00
1hr timeframe chart shows 3 clear tests and rejections.

I can see an expanding wedge pattern forming and bullish momentum is dying off here with price making its way sideways now. A short here could see s good drop down to the previous intraday support @138.500 or lower.

A further price target could be the lower trendline of the expanding wedge pattern and 4hr 200EMA.

Keeping stops outside of any price spikes and further tests of the 140/140.200 is important. Don't trade too aggressively.

Сделка активна

Сделка закрыта: достигнута стоп-лосс цена

This trade started well but pretty quickly hit my stop loss unfortunately. On to the next one.
Комментарии
rizwanisap17
If only every day was win- good analysis though
AbuSoll
Nice. Bull all the way.
Subrato-Nandi
Thats not bad!
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