NathanMarshall

GBPJPY £ getting stronger onRSI

Long
FX:GBPJPY   British Pound / Japanese Yen
79 views
1
£ gaining strength on RSI despite a lower low. posssible change to bullish on confrimation of a bullish candle

Comments

That may have been the case but what I learned is on 30 min TF could see triangle formed confirming downward trend continuation with price moving lower each time over 7 hours to the 13000 leading to breach. Price analysis first then an indicator
+1 Reply
@Dips007 thanks for the tip, and looking at what happened to it you are spot on.
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I should have waited until that bullish candle comfrimation at around 129.773, but that bullish move did happen based on the plan.
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I did not enter at the correct point, and did not take my own advice for my trading plan, which caused me to take a loss, before the bullish move up.

Follow you plan peeps

lesson learnt
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