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Bullish Momentum + Strong Price Rejection = Sign of Reversal

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Brittiska pund/Japanska yen (OANDA:GBPJPY)  
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OANDA:GBPJPY   Brittiska pund/Japanska yen
Trend Analysis Moving Averages Parallel Channel Exponential Moving Average (EMA) pricerejection Momentum Indicator (MOM) Ascending Channel Inside Bar signofreversal breakout
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trendanalysis movingaverage parallelchannel ema pricerejection momentum ascendingchannel insidebar signofreversal breakout
I shorted this Market due to the following reasons:

Price is currently inside a Big Ascending Channel
Inside it, it formed recently a Mini Ascending Channel which is a sign of reversal.

Other reasons why I shorted this market:
- STRONG MOMENTUM followed by STRONG PRICE REJECTION (a Sign Of Reversal as what I've noticed during backtesting)
- Price broke below 10EMA and formed an Inside Bar

Trade at your own risk!
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