*GBP/JPY - POSSIBLE BEARISH TREND*
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GBPJPYDaily chart: Price rejected SMA 200, bearish confirmation candles, and closing below the most recent support level.
The pair has been trending downward on the daily chart.
Price is making lower highs and lower lows overall.
Price recently hit a bottom of support, which then quickly reversed, which than price rejected EMA21 to the downside.
Bearish candlestick formation starting to form.
Entry: Entry on third bearish candlestick
Exit: Exit when target is hit or stop loss is triggered
R/R: 1.1 - 1.4
TELL ME WHAT YOU THINK!
ALPHA1RESEARCH.COM
Trade chiuso: obiettivo raggiunto
Price briefly touched EMA 21, after a double bottom pullback. Should see price continue to the downside overall.Trade chiuso manualmente
Price is following trend down, but is in a consolidation phase. Still bearish as price is below 200day SMA.
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