Pair Name : GBPJPY
Time Frame : 15 min
Scale Type : small
price has broken structure to the downside on the 1 min and 5 min and is now trading at a 1hr Resistance area and has had a false break above the previous 1hr high which presents it self as equal highs on the 3 min timeframe
Reason for trade
Price trading at 1hr resistance & a false break above, the previous 1hr high
price has made a significant retracement into the 61.80 area
Don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!!
Time Frame : 15 min
Scale Type : small
price has broken structure to the downside on the 1 min and 5 min and is now trading at a 1hr Resistance area and has had a false break above the previous 1hr high which presents it self as equal highs on the 3 min timeframe
Reason for trade
Price trading at 1hr resistance & a false break above, the previous 1hr high
price has made a significant retracement into the 61.80 area
Don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!!