GBP JPY TF H4 16.06.20 Short
GBP JPY H4
Sell 135.767
SL 136.509 (Loss 69 Dollar)
TP 132.425 (profit 311 Dollar)
Reason to sell:
1. Down trend.
2. Fibo matched with resistance area
3. Stoch overbough
4 Brexit and big negative GDP figure
Reason to doubt:
1. No chart pattern
2. No supporting candle stick
3. No MACD Divergence.
Risk to reward almost 1:5.
Disclaimer on
Please use proper money management; may the Pips be with you :)
Sell 135.767
SL 136.509 (Loss 69 Dollar)
TP 132.425 (profit 311 Dollar)
Reason to sell:
1. Down trend.
2. Fibo matched with resistance area
3. Stoch overbough
4 Brexit and big negative GDP figure
Reason to doubt:
1. No chart pattern
2. No supporting candle stick
3. No MACD Divergence.
Risk to reward almost 1:5.
Disclaimer on
Please use proper money management; may the Pips be with you :)
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