QuileHills
Short

GBPJPY Divergence + Channel Resistance

FX:GBPJPY   British Pound/Japanese Yen
399 3 15
I've been anticipating this point for this pair for a while now.

It's finally reached my Channel resistance point while also showing bearish divergence on the 4H and 1H RSI . I have a Sell Stop order pending with an entry as shown. My TP will be near the channel support (Yellow Line).

Total R:R of position shown: 4.78

Related Ideas

Oualid.Boukouja
6 months ago
This DIVERGENCE placebo because there is no sign of falling. These defections feel the pulse .. i think more up .... direction to 164.70 ---> 165.96 -----> Final to :
169.25

GBPJPY ... Long  +424


GBPJPY +649


GBPJPY .... Short +112
Reply
QuileHills Oualid.Boukouja
6 months ago
That's why I'm using a Sell Stop order rather than market or Sell Limit.
Reply
Oualid.Boukouja QuileHills
6 months ago
Yes, the best solution for safety
Reply
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