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Fake Out./ Continuation of trend on the higher time frame.
GBPJPY
, 30
GBPJPY: Fake Out./ Continuation of trend on the higher time frame.

Detail breakdown of previous analysis. When the 4 hour candle is rejecting the upside and closing back in the range wait for price to break and close below support on the lower time frames like the 5 or 15 min. Also wait for a solid resistance to form before executing the sell. At least wait for the 30min to close for strong confirmation that price has created a...

Fake Out.
GBPJPY
, 15
GBPJPY: Fake Out.

After price closed back into the range and below resistance I started looking for sells so as to have a continuation of the higher time frame bearish bias.

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