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z-aman
Sep 20, 2020 5:59 PM

gj Short

British Pound/Japanese YenFXCM

Description

short
Comments
Subrato-Nandi
Can you explain it in detail?
z-aman
@Subrato-Nandi, was looking to short as price has broken below the daily ascending channel. normally i would wait for pull back to broken level and look for entry there but looking at the bearish momentum i didn't expect that to open as it seems pretty strong. i had marked where price was ranging, this was the blue lines, within the h4 range i see a canlde stick that look like a hanging man candle stick (not sure if its was valid), then price eventually broke below this. fib base extension used for targets.
FXCM
nice setup, i like the bearish idea.
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