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British Pound / Japanese Yen
Short
Updated

Supply and Demand: GBP/JPY Short

77
GBPJPY

Zone: Trendline break.
Stack: Weekly
4hr Pattern: Engulfing
Limit Order (Late of a few minutes from the candle close, price moved few more pips from the target price. :D )

Cons of taking the trade:
-SL/TP range Big
-Demand Zone on the way

Pros:
-All confirmations align.
-Strong Bearish 4hr candle
-Demand zone that might weaken the trade is a Non Fresh Zone. High probability of breaking.

Trade active
Trade active
STOP LOSS MOVED TO BREAK EVEN
malaterafael
Candlestick AnalysisMultiple Time Frame AnalysisSupply and Demand

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.
Candlestick AnalysisMultiple Time Frame AnalysisSupply and Demand
malaterafael

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.