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jibs419 jibs419 GBPJPY, 60, Short ,
GBPJPY: SHORT GBP/JPY
40 0 1
GBPJPY, 60 Short
SHORT GBP/JPY

Charting on MT4 yesterday around 7 in the evening. Stoch indicates GBPJPY was oversold on the H1 & H4 timeframes. Pin bar candlestick formed just under the previous R/S zone. Set my sell stop @ 162.170 - feeling to catch a wave, hopefully a big one. Any ideas?

HD: HD 2nd retest gap in a row.
23 1 2
HD, D
HD 2nd retest gap in a row.

HD closes with a second bullish retest gap in 2 days closing at minor resistance level from mid OCT and NOV of '15. The fact it follows a morning star reversal adds to the bullish sentiment of the past few days. However, the most recent candle closes on the SMA 200 which could prove to be a resistance point as well. If next candle breaks out of the SMA 200 ...

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