Four hours timeframe of GBPJPY
1.On the market structure of GBPJPY, there are reacted the lower high on the bearish market channel pattern , which means the market is continually going to bearish structure and the price has continually to break from the highest to lowest currency points. However, the market chart didn't hit my confirmation entry price level and stop loss region, so that I'm missed this trade opportunity.
2.Meanwhile, I'm realized that I'm made a mistake on the confirmation entry price level. You need to setup Double Exponential Moving Average (DEMA) on the market chart before you take a trade. Double Exponential Moving Average might help you places a greater weight and significance on the most recent data points,and you might be looking for an accurate entry price if you use this indicator tool.
1.On the market structure of GBPJPY, there are reacted the lower high on the bearish market channel pattern , which means the market is continually going to bearish structure and the price has continually to break from the highest to lowest currency points. However, the market chart didn't hit my confirmation entry price level and stop loss region, so that I'm missed this trade opportunity.
2.Meanwhile, I'm realized that I'm made a mistake on the confirmation entry price level. You need to setup Double Exponential Moving Average (DEMA) on the market chart before you take a trade. Double Exponential Moving Average might help you places a greater weight and significance on the most recent data points,and you might be looking for an accurate entry price if you use this indicator tool.