basic price action set up

British Pound/Japanese YenFXCM

Description

⋅ May 24, 2017 2:31 PM

Well since the market is making lower highs and lower lows to me that makes it a clear downtrend. Its at a resistance zone that it previously rejected 150 pips from and to top it off it made a bearish engulfing pattern right at the resistance.

Trade closed: target reached

⋅ May 26, 2017 5:13 AM

tp hit