Wednesday, August 20, 2008
GBPJPY : Accept only SELL signal
9:26 am gmt+8
H4 : Previous bull candle unable to break the highest at 205.24 and regarding to my Hi Lo trading method... the price currently laid at sell zone were the chance and risk reward ratio for SHORT position is better then LONG.
So that... as long as the price not able break 205.24 i will take only on SELL signal from small TF
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Result
7:46 pm gmt+8
The market finally decide to go BEARISH as what i've expected. The last low reached by market is 204.12.
Regarding to the my Hi Lo trading method... the current price relatively low. However at the moment i didn't get any clues yet..... to continue BEARISH or reversal for BULLISH...
I need to wait for next H4 candle.
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