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Nikash01

Short

Short
British Pound / Japanese Yen (FX:GBPJPY)  
Nikash01 Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Technical Indicators Chart Patterns
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trendanalysis indicator chartpattern
Short
Comment:
Daily:
- Bearish structure
- Rejection of descending TL
- Room for price to retrace to MA
4hr:
- Rejection of TL confirmed
- Rejection of key level
- Higher TF suggested the short term ascending TL will break
- RSI divergence
- Targetting next applicable key level
1hr:
- Break and retest of MA
- RSI divergence
Trade closed manually:
Closed at the 142.4 area as I saw deceleration on the lower TFs
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