GBP/JPY: downtrend and correction to levels 147.78
Pin bar at levels of resistance - trend reversal signal for probable decline
Break below the low of inside bar - signal for tontinuation of the downward movement
CCI(50) crosses below 100 - signal for probable decline
DeM crosses below 0.7 pointing downward
Lower time frame for precise entry:
Lower top and lower lows - downtrend
Price crosses below 100 ЕМА - negative signal. If price doesn't break back above 100 and for a "hammer" candle
Bearish engulfing for probable decline
Stop loss 145.73
Stefan D. Angelov - Head of Stocks Trading
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