GBP JPY - Short Flashcard
GBP JPY - Short Flashcard
- This pair was in a bearish trend
- Presented with a double top formation off of 800 ema
- Entry was on second leg close below 13 ema
- Stop loss goes 15 pips above pattern due to pairs volatility and previous day rejection zone
- Entry on RSI cross signal line and first leg presented with hook volatility bands
- Stop moved in tight due to low confidence in trade (due to RSI being at 50 on the TDI)
- Trade closed either at stop loss hit (tight by around 7 pips) or at 13 ema close above
- This pair was in a bearish trend
- Presented with a double top formation off of 800 ema
- Entry was on second leg close below 13 ema
- Stop loss goes 15 pips above pattern due to pairs volatility and previous day rejection zone
- Entry on RSI cross signal line and first leg presented with hook volatility bands
- Stop moved in tight due to low confidence in trade (due to RSI being at 50 on the TDI)
- Trade closed either at stop loss hit (tight by around 7 pips) or at 13 ema close above
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.