GBPJPY analysis - doji at daily???

Daily chart - at 9 am Malaysia

A doji candle has formed at daily chart, which might indicates buyers are now uncertain whether to push the price further up or not. A failure to break yesterday high could signify that the bulls might be exhausted; at least for the time being.

Now I am waiting for the price to break lower trendline at H1 chart before deciding to go SHORT. Should I decide to go short, my stop-loss will be placed slightly above yesterday high (141.55).

Latest news from Bloomberg:
Bank of England May Cut Benchmark Interest Rate to Record Low

chart 30min - 10.30 am Malaysia

Price is now testing the lower trendline
I went short early based on 15min price action
now already +30, stop-loss moved to +1
let's see whether the trendline will be broken?
my 1st target is yesterday low

3.00 pm +90, SL moved to +30
should yesterday low (137.95) is hit,next TP is 135.73
3.42 pm 1st target hit [-o< B-)
welcome back, bears <:-P


Post a Comment

You are welcome to post comments. However, please do not use Anonymous as your ID. At least, put in your initials for easy reference in further conversations.