Hello, colleagues. According to my price analysing system, there is a signal on a short at GBPJPY
. Down trand is clearly seen. Price is increasing, creating pullback of down trand and it has already moved for 50% of previous movement (an extra reason to sell). As the price moves upwards it slowed down creating pins. What is more, price has breaked a bit through EMA
8-21 which I use as Dynamical: Support and resistance
. To start with, I put 3 to 1 R\R, despite the potential 4to1. If the order closes at stop, I'll wait for a movement to 144.400 - 145.000 zone and look for a signal to sell there.
I'm waiting for your feedback and critic.