GBP JPY - Short Flashcard
GBP JPY - Short Flashcard
- This pair was in a bearish trend
- Presented with a double top formation off of 800 ema
- Entry was on second leg close below 13 ema
- Stop loss goes 15 pips above pattern due to pairs volatility and previous day rejection zone
- Entry on RSI cross signal line and first leg presented with hook volatility bands
- Stop moved in tight due to low confidence in trade (due to RSI being at 50 on the TDI)
- Trade closed either at stop loss hit (tight by around 7 pips) or at 13 ema close above
- This pair was in a bearish trend
- Presented with a double top formation off of 800 ema
- Entry was on second leg close below 13 ema
- Stop loss goes 15 pips above pattern due to pairs volatility and previous day rejection zone
- Entry on RSI cross signal line and first leg presented with hook volatility bands
- Stop moved in tight due to low confidence in trade (due to RSI being at 50 on the TDI)
- Trade closed either at stop loss hit (tight by around 7 pips) or at 13 ema close above
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