Falcon Student - Short GBPJPY
Updated
Entered this risk entry trade at 144.794 with a 35 pip stop above the structure.
Confluence Factors:
- Price is in a corrective phase from an impulse down.
- Price has touched the upper trendline for the 3rd time.
- Price has approached this 3rd touch with an ascending structure.
- Potential evening star has been formed on the 4HR Chart.
Target 1 is a the bottom of the structure with a RR of 10.65.
If price breakes this structure impulsively I will be looking for the larger double bottom at 124.637.
Confluence Factors:
- Price is in a corrective phase from an impulse down.
- Price has touched the upper trendline for the 3rd time.
- Price has approached this 3rd touch with an ascending structure.
- Potential evening star has been formed on the 4HR Chart.
Target 1 is a the bottom of the structure with a RR of 10.65.
If price breakes this structure impulsively I will be looking for the larger double bottom at 124.637.
Note
Stop has been moved to BE
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