morshedul.sazid
Short

GBPJPY TCT (RSI DIVERGENCE) SETUP

FX:GBPJPY   British Pound/Japanese Yen
9 months ago
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.
9 months ago
Trade active
9 months ago
Comment: Move Stop loss to Breakeven.
9 months ago
Trade closed: target reached: 401+ pips.
coondawg71 PRO
9 months ago
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!
snapshot
+1 Reply
morshedul.sazid coondawg71
9 months ago
You are most welcome :)
Reply
Dzogchen
9 months ago
Nice find. Similar set up with USDjPY pair. Also shows hidden bearish divergence I believe. Would you agree?
+1 Reply
morshedul.sazid Dzogchen
9 months ago
Found Similarity in Cadjpy.
Reply
EL_KHIBRATTOR
9 months ago
I agree with you in this trade man...Good Analysis
+1 Reply
morshedul.sazid EL_KHIBRATTOR
9 months ago
Thank you!
Reply
Lucid.Trader
9 months ago
This looks so good, i have to make a song about it.
+1 Reply
morshedul.sazid Lucid.Trader
9 months ago
Lets see :)
Reply
saifulffmb
9 months ago
Thanks a lot sir !
+1 Reply
morshedul.sazid saifulffmb
9 months ago
Welcome :)
Reply
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