GBP/JPY - SHORT
Updated
1M
A Bearish engulfing followed by last month’s massive shooting star candle which tested 2 major key levels and closed below them. WMA’s are pointing downwards pushing the price with it.
1W
EMA is downwards facing. Last week’s candle tested the 142.500 key support and closed above it.
1D
EMA’s have been tested by the price which then followed on with a bearish engulfing that tested 142.500 support, yesterday we closed off the day below this level. EMA’s seem to be pushing price lower.
4H
When I entered the trade this morning the price had broken my CTL with a downwards crossing EMA . Key Fib area has been respected also.
A Bearish engulfing followed by last month’s massive shooting star candle which tested 2 major key levels and closed below them. WMA’s are pointing downwards pushing the price with it.
1W
EMA is downwards facing. Last week’s candle tested the 142.500 key support and closed above it.
1D
EMA’s have been tested by the price which then followed on with a bearish engulfing that tested 142.500 support, yesterday we closed off the day below this level. EMA’s seem to be pushing price lower.
4H
When I entered the trade this morning the price had broken my CTL with a downwards crossing EMA . Key Fib area has been respected also.
Trade closed: target reached
Target Hit
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