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Nikash01
Feb 17, 2020 9:26 PM

Short Short

British Pound/Japanese YenFXCM

Description

Short

Comment

Daily:
- Bearish structure
- Rejection of descending TL
- Room for price to retrace to MA
4hr:
- Rejection of TL confirmed
- Rejection of key level
- Higher TF suggested the short term ascending TL will break
- RSI divergence
- Targetting next applicable key level
1hr:
- Break and retest of MA
- RSI divergence

Trade closed manually

Closed at the 142.4 area as I saw deceleration on the lower TFs
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