GBPJPY watching for short

16 באוג׳ 2020

Touching 6/5 high on 8/13 and reversal on 8/14. From 8/3 to 8/10 it formed flag and it exceeded upwards but if this flag fails there can be the opportunity for short.

23 באוג׳ 2020

הערה

While waiting for the short sign, it created the strong bear bar on 8/21. Maybe it can be the good strategy to put stop entry at the below that strong bear bar. In that case the stop loss can be at 60% from the low of the bear bar. To be more conservative, should wait for one more price action.