GBP/JPY
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Sell
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Market execution
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We have seen the creation of an ascending structure with three upper trend line touches
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A move downwards from the upper structure has created another bearish flag at the channel lows
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Price has creeped up to the first significant structure and is now rejecting the level on the H1 timeframe
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This confluence is enough to enter with stoploss set above previous highs
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Sell
-
Market execution
-
We have seen the creation of an ascending structure with three upper trend line touches
-
A move downwards from the upper structure has created another bearish flag at the channel lows
-
Price has creeped up to the first significant structure and is now rejecting the level on the H1 timeframe
-
This confluence is enough to enter with stoploss set above previous highs