OANDA:GBPJPY   British Pound / Japanese Yen
Will be waiting for a retest.
PLAN:
We have already broken and closed below support zone
Wait for retest
Wait for confirmation on the 30min that price wants to continue moving down so wait for like a dojo or bearish engulfing candle.
Upon confirmation take a sell with a 15-20pip stoploss.

We do have some traffic on our way down so if i take a trade i will be moving stops into profit around 15-20pips deep or keep stops at break even. Haven’t been posting much analysis as I’m still waiting for results on previous analysis.
Comment: Analysis is still active
Comment: added to spreadsheet.

Comments

alitrading_ DanielHiscutt
@DanielHiscutt, hah nahhh not nice, i never got a key candle on the 30min :( a nice doji did appear on the 15min but taking trades off 15min key candles is like digging your own grave
Reply
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