GBPJPY SHORT RE ENTRY (SCALE IN)
Pair Name : GBPJPY
Time Frame : 1HR
Scale Type : LARGE
price has broken structure to the downside on the 1 min and 5 min and is now trading at a 4hr Support area and has had a false break above the previous 4hr high which presents it self as equal highs on the 15 min timeframe
Reason for trade
Price trading at 4hr resistance & a false break above, the previous 4hr high
price has made a significant retracement into the 61.80 area
Don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!!
Time Frame : 1HR
Scale Type : LARGE
price has broken structure to the downside on the 1 min and 5 min and is now trading at a 4hr Support area and has had a false break above the previous 4hr high which presents it self as equal highs on the 15 min timeframe
Reason for trade
Price trading at 4hr resistance & a false break above, the previous 4hr high
price has made a significant retracement into the 61.80 area
Don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!!
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