GBPJPY, short-term 'Sell' idea
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The price has made the first pullback/wave.
Entry criteria: MACD is crossing and histogram turning bearish and convergence on the MACD histogram indicates trend continuation (last two lows of three legs)
EMA 34/55 crossing, bearish momentum.
We have convergence on the higher time-frame of H1.
Stop loss and take profits are placed on resistance and support lines.
PS: Please do your analysis at the same time.
Entry criteria: MACD is crossing and histogram turning bearish and convergence on the MACD histogram indicates trend continuation (last two lows of three legs)
EMA 34/55 crossing, bearish momentum.
We have convergence on the higher time-frame of H1.
Stop loss and take profits are placed on resistance and support lines.
PS: Please do your analysis at the same time.
Note
Trading idea is invalidated due to divergence on higher time-frames.Monitoring the pair for now.
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