It only took less than an hour to see our 30 second chart set up fail. If a stop loss was set above the last high then this gpbjpy trade failed and a loss of about 40 pips was taken.
The 1 minute gbpjpy chart tells a story where the demand for gbp exceeded the supply and some traders were ready to push the sterling pound quote higher.
Where does it go next ?
We wait for consolidation on the one minute chart.
See the first post....gbpjpy 30 second test
See how the one minute chart setup worked out.
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