GBPJPY_2nd Week Aug 2021
Next best area to short position at the break of the trendline, minor key level and daily MA
To support the idea of short position:
1. Price formed doji pattern on daily chart indicating a weak in movement (potential reversal)
2. It happened within the key area
* It wise to trade Doji with sell stop order to avoid any unwanted circumstances as doji also reveals an indecision in the market
To support the idea of short position:
1. Price formed doji pattern on daily chart indicating a weak in movement (potential reversal)
2. It happened within the key area
* It wise to trade Doji with sell stop order to avoid any unwanted circumstances as doji also reveals an indecision in the market
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.