So much space for GBPJPY to DROP?
1. RSI is clearly declining and below the 50 level
2. Break of trendline (Bearish Flag)
*Important to note that trendline has been violated before and thus breaking of trendline does not signify a huge factor
3. Lower low price action of candle stick
4. Higher time frame shows lower low candle stick and bearish price action
5. RR is good
**Position size was lower as I do recognize entry is based on a 1hourly time frame instead of my usual 4 hourly.
2. Break of trendline (Bearish Flag)
*Important to note that trendline has been violated before and thus breaking of trendline does not signify a huge factor
3. Lower low price action of candle stick
4. Higher time frame shows lower low candle stick and bearish price action
5. RR is good
**Position size was lower as I do recognize entry is based on a 1hourly time frame instead of my usual 4 hourly.
Nota
Depending on your risk appetite, you can take some position off.Trade fechado: stop atingido
Breakeven ON REMAINING POSITION
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.