GBPJPY / Sell
Updated
As you can see on the chart the pair is in a major down trend, it has retraced back up to 1.618 of the previous swing high, and clear indication that it'll go down, that's my initial TP as I will keep an eye on the movement!
Note
Major down trend means, trend on the higher time frames, in my case the DTrade active
First 15m candle of the hour closed way below the price structure that seemed to bounce off the support area!Trade active
On the 15m it seems as price will test the support again, this time very likely to act like a resistance area!Note
Reinforce the trade if it does bounce off the previous structure!Trade closed manually
Close trade as price is going up! I will resell if there is any down signal!
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