GBP/JPY Sell Opportunity

26 lug 2018

Overall bearish trend on the Daily. Rejection at Daily resistance seen on the 8 hour TF w/ 4 doji's all spiking up and through Daily resistance but failing to close above. M.A's on 8 hour still crossed bearish as well as a 38.2% retrace. H4 bearish structure still in tact w/ a double top right off Daily resistance, as well as a nice bearish engulfing that closed back over the 8 EMA. H2 M.A's already crossed bearish along w/ H1. After pullback on 30 min. we get a evening star candlestick formation on which I entered short. 1:1.2 R:R