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meister_keith
Jun 12, 2019 10:33 AM

Gj Break of 138.00 Short

British Pound/Japanese YenFXCM

Description

I took a sell because H4 closed below 138.000 and price was bouncing within the range of 138.200 and 137.500 so it made sense to take a sell once price had rejected resistance then broke below 138.000 which was a major traffic zone but it looks like I got in too early and price wasn't ready to go back down yet and price tapped 137.800 which was a H4 support.
As of yet, I can't consider any buys but once price clears 139.000 i'll be all in until 144.000.
H4 is creating HH and HLs but it's trapped on the weekly resistance level 138.200, a daily break of this level could make me reconsider my bias.
Comments
DACapitalTrading
great description! nice one
meister_keith
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