Multiple time frame analysis - GBP/JPY
Since Febuary 2018, GJ has been in a divergent Channel. Price action has rejected the top of the channel(Resistance) once again and is done with a reversal and currently heading downwards. From what I can tell, the trend is also getting weaker as it is taking more time to reach tops and bottoms so I'm not expecting price action to go all the way down; but if it does. COOL, RIGHT?
I used the 60Mins TF to place my Sell Stop at a safe distance from the current price. ETA = 1 Month
Take this trade only if it satisfies your Rules of entry and Proper Risk management.
I used the 60Mins TF to place my Sell Stop at a safe distance from the current price. ETA = 1 Month
Take this trade only if it satisfies your Rules of entry and Proper Risk management.
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