nero243

GJ - Short Analysis

Short
nero243 Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Bearish BAT (Third wave of the Bearish Swing Trend: check my previous analysis)
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PRZ:
- D point:
- BC: 2.618 = ABCD: 1.618
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1) Out of Bollinger Bands? NO
2) RSI divergence? NOT YET
3) SR - GZ - TL - QP - MA? YES
(SR, GZ, MA 200)
4) Rejection type? NOT YET
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- Entry Price: 135.250
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- SL: 30 pips (135.550)
- TP: 130 pips (133.950)
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Trading plan:
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Waiting for Bearish Divergence (Regular or Hidden) and a Rejection (pin Bar, double top, ...) to go SHORT

PRZ: Potential Reversal Zone
SR: Support/Resistance
GZ: Golden Zone
TL: Trend Line
QP: Quarter Point
MA: Moving Average
Trade closed manually:
BE
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