1-hr chart
EMA Strategy: GBPJPY
Short
Trade Entered @ 9:00 AM Friday 21/12/2018
Checklist for Short:
1. Retest @ EMA (25, close) -
2. EMA (25, close) holds as resistance-
3. Reversal Candlestick Pattern -
4. Long Upper Shadow, Short Lower Body
5. Price broke through support from consolidation zone -
EMA Strategy: GBPJPY
Short
Trade Entered @ 9:00 AM Friday 21/12/2018
Checklist for Short:
1. Retest @ EMA (25, close) -
2. EMA (25, close) holds as resistance-
3. Reversal Candlestick Pattern -
4. Long Upper Shadow, Short Lower Body
5. Price broke through support from consolidation zone -
Comment:
Price was 20 pips away from TP before reversing.
To decrease risk once price is 20 pips in profit move SL to breakeven.
To decrease risk once price is 20 pips in profit move SL to breakeven.
Looking for price to reach yearly low and possibly complete Double Top Pattern