FX:GBPJPY   British Pound / Japanese Yen
Hey traders! I have a short setup here in 240min timeframe. Price action currently trading in structure resistance . RSI hidden divergence showed up which shows a great chance to take this short, a nice trend line showing good resistance too. The stop loss amount is a lot. I would not put more than 1% risk here.
Trade active
Comment: Move Stop loss to Breakeven.
Trade closed: target reached: 401+ pips.
Thanks a lot sir !
+1 Reply
Welcome :)
This looks so good, i have to make a song about it.
+1 Reply
morshedul.sazid Lucid.Trader
Lets see :)
I agree with you in this trade man...Good Analysis
+1 Reply
morshedul.sazid EL_KHIBRATTOR
Thank you!
Nice find. Similar set up with USDjPY pair. Also shows hidden bearish divergence I believe. Would you agree?
+1 Reply
Found Similarity in Cadjpy.
I think overall, this is the correct point of view, but I do see the current cycle topping out at 165 first. The last Wide Range Bar appears to have been a fill of Demand, hence the retrace, which would assume further bullish behavior from current levels. Thanks for sharing!
+1 Reply
You are most welcome :)
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