GBPJPY - Potential sell

British Pound/Japanese YenFXCM

Description

⋅ Oct 11, 2021 7:09 PM

Watching GJ carefully for potential selling opportunity
Analysis:
Monthly resistance down trend angle
86% Fib daily pullback
Daily resistance
inner counter-trend line break

did not enter yet, waiting for sign of strength for sellers. Waiting for outer trend line break bearish.
SL - above daily zone
TP - around price 155.069

Comment

⋅ Oct 12, 2021 6:30 AM

Entered at counter trend break
TP - 152.256
SL - 155.081

5.0 Lot size

Comment

⋅ Oct 13, 2021 6:49 AM

Still holding my position, if resistance fail I will exit my trade. Boy is GJ being stubborn!

Comment

⋅ Oct 13, 2021 3:29 PM

GJ forming a wedge, with RSI divergence. Excited to see if sellers can take control. Still holding my position

Trade closed: stop reached

⋅ Oct 14, 2021 6:44 AM

Despite ALL the signs for GF to sell-off it ended up stopping out

Trend Analysis Chart Patterns