Charts_By_Billy

Fake Out./ Continuation of trend on the higher time frame.

OANDA:GBPJPY   British Pound / Japanese Yen
Detail breakdown of previous analysis. When the 4 hour candle is rejecting the upside and closing back in the range wait for price to break and close below support on the lower time frames like the 5 or 15 min. Also wait for a solid resistance to form before executing the sell. At least wait for the 30min to close for strong confirmation that price has created a resistance.

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.