dojitrader
Short

Unruly Cypher/Shark But Into Resistance Need Candlestick Help ?

FX:GBPJPY   British Pound/Japanese Yen
168 2 1
Neither Cypher or Shark pattern fits my strict rules,
{{ it's the A to B leg @ .539 that messes with highest probabilities}}
((.38 to .48 works best for my money))
however, the .886 does hit into primary and secondary resistance, so,
maybe the candlesticks will help me out with a short trigger that
includes low risk. No limit order on this trade.
*** As I publish price has hit 178.51 and looks to be putting in a
a shooting star. Geeezzzzz !!!
Thinking I'll also wait for a double top with divergence ???
dojitrader
2 years ago
Last candle did NOT close as a shooting star, per rules of Steve Nison ---
the tall shadow MUST be twice the size of the real body. And not really
a dark cloud cover, so, maybe price will produce that double top with RSI
divergence after all ?
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dojitrader
2 years ago
Don't you just hate it ~~~~~~
Tertiary Resistance ???
These are the trades that just make you want to pull your hair out, right ?
{{Is that why I'm bald ?}}
OR, more proof that Cyphers with an A to B larger than .480 are just not worth the risk ??? ???
That's the idea I'm going with. It makes my ego easier to live with . . .
Perhaps a good candlestick trade for the Asian Session - I'm sound a sleep at 3:30 GMT
snapshot
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